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Red Lobster 11601 N Dale Mabry Hwy 7,573 SF Retail Building Tampa, FL 33618 $5,311,276 ($701.34/SF) 6.75% Cap Rate
Investment Highlights
- ±18.5 years remaining lease term with 2% annual rent increases
- Lease obligations backed by Red Lobster Intermediate Holdings LLC
- 1.62 acres of irreplaceable Tampa real estate with redevelopment potential
- Absolute NNN lease — zero landlord responsibilities
- ±74,500 VPD on North Dale Mabry Highway, Tampa's premier retail corridor
- Surrounded by Publix, Lowe's, Chipotle, Taco Bell, and Outback Steakhouse
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,573 SF
Building Class
C
Year Built
1981
Price
$5,311,276
Price Per SF
$701.34
Cap Rate
6.75%
NOI
$358,511
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.62 AC
Zoning
CG
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Jan 0000
Red Lobster began as a single family-owned restaurant in Lakeland, Florida, and was founded in 1968 by Bill Darden. The company grew into a casual dining restaurant chain focused on seafood, with menus built around dishes such as shrimp, crab, lobster, and other coastal classics. Red Lobster emphasizes seafood sourcing standards, with a focus on traceability, sustainability, and responsible supply practices across its restaurant business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-16-28-18-12J-000000-00026.0 | Improvements Assessment | $2,689,700 |
| Land Assessment | $100 | Total Assessment | $2,689,800 |
Property Taxes
Parcel Number
U-16-28-18-12J-000000-00026.0
Land Assessment
$100
Improvements Assessment
$2,689,700
Total Assessment
$2,689,800
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