Red Lobster | 13yrs Corp Abs NNN | Annual Inc 603 N Cockrell Hill Rd 8,356 SF Retail Building Duncanville, TX 75116 $4,000,000 ($478.70/SF) 6.75% Cap Rate

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Red Lobster investment property located in Duncanville, Texas. The tenant, Red Lobster Restaurants LLC has approximately 13-years remaining on it’s initial term lease with 4 (5-year) options to extend. The lease features 2% annual rental increases beginning in July 2029 and continuing throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.