714 S Eldorado Rd | Bloomington, IL 61704
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714 S Eldorado Rd
Bloomington, IL 61704
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Lease – The tenant is responsible for all operating costs and expenses, providing 100% passive income to the landlord.
- Annual Rent Increases – The lease provides 2.00% annual rent increases, providing an investor with quickly growing cash flow
- Solid Demographics and Job Growth – The 5-mile area has a population of over 130,000 people and average household income of $90,000.
- Corporate Guarantee – Red Lobster has over 700 locations nationwide. Red Lobster was recently acquired by Thai Union Group
- Major Retail Corridor – Red Lobster is ideally positioned with frontage on Veterans Parkway (37,000+ VPD), close by to State Farm Insurance Corporate
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,395 SF
Building Class
C
Year Built
1975
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.06 AC
Frontage
138’ on Eldorado Rd
PROPERTY TAXES
| Parcel Number | 21-11-202-016 | Improvements Assessment | $270,826 |
| Land Assessment | $223,484 | Total Assessment | $494,310 |
PROPERTY TAXES
Parcel Number
21-11-202-016
Land Assessment
$223,484
Improvements Assessment
$270,826
Total Assessment
$494,310
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