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1041 W Rancho Vista Blvd 8,383 SF Retail Building Palmdale, CA 93551 $7,090,377 CAD ($845.80 CAD/SF) 5.54% Cap Rate
Executive Summary
Cushman & Wakefield is pleased to present the exclusive listing for Red Lobster, located at 1041 W Rancho Vista Boulevard in Palmdale, California. The property is 8,356 square feet and is situated on approximately 1.12 acres of land.
This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 13.5 years remaining on the lease. Annual rent is $282,650 as of August 2026. The rent is scheduled to increase by two percent annually, including through the four (4) five-year tenant renewal options.
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with demographic appeal and significant advertising budget. Red Lobster is lead by an experienced management team with a history of success leading the brand. The company generates approximately $2 billion in annual revenue in 2024. Red Lobster was recently acquired by RL Investor Holdings, LLC. This entity was created by Fortress Investments Group LLC and co-investor TCW Private Credit and Blue Torch.
This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 13.5 years remaining on the lease. Annual rent is $282,650 as of August 2026. The rent is scheduled to increase by two percent annually, including through the four (4) five-year tenant renewal options.
Red Lobster is the largest seafood restaurant concept in the world and is an iconic full-service brand with demographic appeal and significant advertising budget. Red Lobster is lead by an experienced management team with a history of success leading the brand. The company generates approximately $2 billion in annual revenue in 2024. Red Lobster was recently acquired by RL Investor Holdings, LLC. This entity was created by Fortress Investments Group LLC and co-investor TCW Private Credit and Blue Torch.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,383 SF
Building Class
B
Year Built/Renovated
1992/2026
Price
$7,090,377 CAD
Price Per SF
$845.80 CAD
Cap Rate
5.54%
NOI
$392,960 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.12 AC
Zoning
PDRA
Parking
57 Spaces (6.8 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Jul 2039
Red Lobster began as a single family-owned restaurant in Lakeland, Florida, and was founded in 1968 by Bill Darden. The company grew into a casual dining restaurant chain focused on seafood, with menus built around dishes such as shrimp, crab, lobster, and other coastal classics. Red Lobster emphasizes seafood sourcing standards, with a focus on traceability, sustainability, and responsible supply practices across its restaurant business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Jul 2039 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3005-038-039 | Improvements Assessment | $3,615,836 CAD |
| Land Assessment | $2,946,826 CAD | Total Assessment | $6,562,662 CAD |
Property Taxes
Parcel Number
3005-038-039
Land Assessment
$2,946,826 CAD
Improvements Assessment
$3,615,836 CAD
Total Assessment
$6,562,662 CAD
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1041 W Rancho Vista Blvd
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