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Red Lobster 3000 Pines Mall Dr 4,077 SF Retail Building Pine Bluff, AR 71601 $1,593,225 ($390.78/SF) 8% Cap Rate
Investment Highlights
- Long-term, Absolute Triple-Net (NNN) Lease
- Saracen Casino Resort
- Strong Corporate Guarantee
- Robust Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Red Lobster located at 3000 Pines Mall Drive, Pine Bluff, AR 71601. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.21-acre parcel of land. This Red Lobster is subject to a --year Triple Net (NNN) lease, which commenced -. The current annual rent is $124,959 and has scheduled increases of 2.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,077 SF
Building Class
B
Year Built
1995
Price
$1,593,225
Price Per SF
$390.78
Cap Rate
8%
NOI
$127,458
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.21 AC
Frontage
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 931-53607-016 | Improvements Assessment | $95,080 |
| Land Assessment | $30,020 | Total Assessment | $125,100 |
Property Taxes
Parcel Number
931-53607-016
Land Assessment
$30,020
Improvements Assessment
$95,080
Total Assessment
$125,100
Contacts
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Robert Stein -
Andrew Darby -
Christopher Marks -
Surmount
1 of 3
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Photos
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Red Lobster | 3000 Pines Mall Dr
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