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Red Lobster 1545 S Mooney Blvd 8,187 SF Retail Building Visalia, CA 93277 $3,200,000 ($390.86/SF) 6.12% Cap Rate

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Investment Highlights

Irreplaceable Position on Visalia’s Premier Retail Corridor – Located on South Mooney Boulevard, Visalia’s primary retail corridor
Heart of Visalia’s Dominant Retail Trade Area – The property is positioned within Visalia’s premier retail corridor
Absolute NNN Lease – Red Lobster operates under an Absolute NNN lease and is responsible for all property expenses, including taxes, insurance

Regional Economic Hub with Strong Growth – As the largest city in Tulare County, Visalia serves a trade area of more than 630,000 residents.
Industrial Expansion Supporting Long-Term Demand – Significant industrial development continues to fuel economic growth in Visalia

Executive Summary

Broker of Record
David Harrington
License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

8,187 SF

Building Class

Year Built

1994

Price

$3,200,000

Price Per SF

$390.86

Cap Rate

6.12%

NOI

$195,840

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

2.00 AC

Zoning

Parking

140 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

82’ on S Mooney Blvd

Pylon Sign

Major Tenants

Accommodation and Food Services
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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.