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Red Lobster 25615 Brookpark Rd 7,415 SF Retail Building North Olmsted, OH 44070 $1,981,000 ($267.16/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
Long-Established Location
Red Lobster has operated successfully at this location for over two decades, demonstrating exceptional tenant commitment and long-term stability in a competitive retail environment.
Absolute NNN Ground Lease
The property features an absolute NNN ground lease with several years remaining, offering passive, management-free income with no landlord responsibilities—ideal for investors seeking predictable cash flow.
Top-Performing Location
This Red Lobster ranks among the strongest performers in its regional portfolio, benefiting from consistent foot traffic and proximity to high-volume retail anchors, contributing to above-average sales metrics.
Market-Leading Tenant
Red Lobster is a flagship brand of Red Lobster Hospitality LLC, a leading national casual dining restaurant chain. Backed by strong brand recognition and operational expertise, the tenant offers long-term reliability.
Prime Regional Location
Strategically positioned within a dominant retail corridor, the site is surrounded by top-tier national retailers and affluent residential neighborhoods, reinforcing its role as a destination for dining and discretionary spending.
Excellent Access & Visibility
The property enjoys prominent frontage, multiple access points, and strong visibility along a major commercial artery, ensuring consistent exposure to both local and regional consumers.
Reliable Cash Flow
With a proven operator and a history of strong performance, the asset delivers secure in-place income and long-term lease stability.
Economic Stability
Located in a thriving metro area with strong demographics and retail fundamentals, the site benefits from a resilient economic base that supports sustained consumer demand and tenant success.
Red Lobster has operated successfully at this location for over two decades, demonstrating exceptional tenant commitment and long-term stability in a competitive retail environment.
Absolute NNN Ground Lease
The property features an absolute NNN ground lease with several years remaining, offering passive, management-free income with no landlord responsibilities—ideal for investors seeking predictable cash flow.
Top-Performing Location
This Red Lobster ranks among the strongest performers in its regional portfolio, benefiting from consistent foot traffic and proximity to high-volume retail anchors, contributing to above-average sales metrics.
Market-Leading Tenant
Red Lobster is a flagship brand of Red Lobster Hospitality LLC, a leading national casual dining restaurant chain. Backed by strong brand recognition and operational expertise, the tenant offers long-term reliability.
Prime Regional Location
Strategically positioned within a dominant retail corridor, the site is surrounded by top-tier national retailers and affluent residential neighborhoods, reinforcing its role as a destination for dining and discretionary spending.
Excellent Access & Visibility
The property enjoys prominent frontage, multiple access points, and strong visibility along a major commercial artery, ensuring consistent exposure to both local and regional consumers.
Reliable Cash Flow
With a proven operator and a history of strong performance, the asset delivers secure in-place income and long-term lease stability.
Economic Stability
Located in a thriving metro area with strong demographics and retail fundamentals, the site benefits from a resilient economic base that supports sustained consumer demand and tenant success.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,415 SF
Building Class
B
Year Built/Renovated
1974/2006
Price
$1,981,000
Price Per SF
$267.16
Cap Rate
8.50%
NOI
$168,372
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
16.89 AC
Parking
50 Spaces (6.74 Spaces per 1,000 SF Leased)
Frontage
176’ on Brookpark Rd
AMENITIES
- Bus Line
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 236-09-002 | Improvements Assessment | $11,203,640 |
| Land Assessment | $2,720,515 | Total Assessment | $13,924,155 |
PROPERTY TAXES
Parcel Number
236-09-002
Land Assessment
$2,720,515
Improvements Assessment
$11,203,640
Total Assessment
$13,924,155
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Red Lobster | 25615 Brookpark Rd
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