4231 196th St SW
Lynnwood, WA 98036
Red Lobster · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for Red Lobster located at 4231 Southwest 196th Street in Lynnwood, Washington. The property is 9,307 square feet and is situated on approximately 1.74 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 23 years remaining on the lease. Current annual rent is $466,278. The rent is scheduled to increase by two percent annually, including through the four, five-year tenant renewal options. This Red Lobster is located at 4231 196th Street Southwest in Lynnwood, Washington. Lynnwood is located in Snohomish County in Washington and is known as the hub city of Snohomish County due to its population of retailers. Lynnwood is located approximately 16 miles north of Seattle, Washington. There are approximately 129,631 people within a three-mile radius of this property and more than 302,785 within a five-mile radius. The property is situated on 196th Street Southwest just off of U.S. Interstate 5. On its left side is a Jack in the Box, and on the right side is an Olive Garden. Across the street from it is an IHop 196th Street experiences vehicle counts of over 49,489 vehicles daily. Nearby U.S. Interstate 5 experiences daily vehicle counts of over 170,505. Nearby Alderwood Mall is a shopping center featuring more than 200 specialty stores and more than 1,304,000 square feet of gross leasable space.