4233 S Cooper St
Arlington, TX 76015
Red Lobster · Retail Property For Sale

High performing NNN Red Lobster Corporate located in Arlington (Dallas/Ft. Worth), TX for $7,663,760 / 5.85% CAP. There are 20.5± years remaining on the corporately backed Lease with 2% ANNUAL rent bumps. The Lease is Absolute NNN with ZERO Landlord obligations - Tenant is responsible for all property taxes, insurance and maintenance/repairs, etc. HIGH PERFORMING/Established Location – Unit Sales are 22% higher than the national average and Red Lobster and has occupied this location for approx 30 years. The Property is situated on 1.25± acres along S Cooper St (major retail corridor with 46,000+ VPD) and the off ramp of Interstate 20 (154,000+ VPD). It's positioned in front of The Parks at Arlington Mall - which contains more than 170 stores and restaurants including Macy’s, Dillard's, Victoria Secret, Dick’s Sports and attracts more than 22 million annual visitors. Other retailers include Target, Home Depot, Lowe’s Costco, Walmart, Kohls, McDonald’s and much more. Dense Location - Total population within 1-mile is 10,625 with more than 330,000 people within 5-miles. Arlington is located less than 15 minutes from Downtown Dallas. The Dallas-Fort Worth Metroplex (“DFW”) is the 4th largest metropolitan area in the nation. The Lease is corporately guaranteed by Red Lobster, a subsidiary of Golden Gate Capital, who has a long track record of investments in multi-unit restaurant and retail businesses, Golden Gate Capital has over $15 billion in assets under management.