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- LoopNet Team
18446 Interstate 45 S
Shenandoah, TX 77384
Red Lobster · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Pylon Sign
ABOUT 18446 INTERSTATE 45 S , SHENANDOAH, TX 77384
The Red Lobster Property is located in the dynamic Woodlands, TX market and is on a 25-year triple-net (NNN) lease, with roughly 19 years remaining on the NNN lease. Current annual rent is $229,284. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and significant advertising budget. Red Lobster is led by an experienced management team with a history of success leading the brand (average 27+ years experience across executive team). The company generates $2.5 billion in revenue and is the 5th largest causal dining concept in North America. Red Lobster was acquired by Golden Gate Capital over five years ago.
PROPERTY TAXES
| Parcel Number | 9446-02-00200 | Improvements Assessment | $1,283,296 |
| Land Assessment | $2,056,704 | Total Assessment | $3,340,000 |
PROPERTY TAXES
