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935 Wayne Ave
Chambersburg, PA 17201
Retail Property For Sale
Investment Highlights
- • Corporately Guaranteed Lease with over (18.5) Years Remaining on Term
- • Attractive Rental Increases of Two Percent (2%) Annual Escalations & Stable NOI Growth
- The company generates $2.5 Billion in Revenue and is the 6th largest casual dining concept in North America
- • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with broad demographic appeal
- Red Lobster is led by an experienced Management Team with a history of success leading the brand (Average 27 years experience across Executive Team)
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,095 SF
Building Class
B
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.06 AC
Zoning
commercial - retail
Parking
30 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 06-1E00-128-000000 | Improvements Assessment | $132,730 |
| Land Assessment | $107,620 | Total Assessment | $240,350 |
Property Taxes
Parcel Number
06-1E00-128-000000
Land Assessment
$107,620
Improvements Assessment
$132,730
Total Assessment
$240,350
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