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Red Lobster | 15yrs Corp Abs NNN | Annual Inc 12180 Amargosa Rd 8,360 SF Retail Building Victorville, CA 92392 $8,109,546 CAD ($970.04 CAD/SF) 6.35% Cap Rate

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Investment Highlights

15 Years Remaining | Annual Rental Increases | Established Brand
Off of Interstate 15 (115,000 VPD) | Dense Retail Corridor | Out-parcel to Mall of Victor Valley (577,000+ SF)

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area | Six-Figure Income

Executive Summary

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 Victorville, California. The tenant currently has 15 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual increases throughout the initial term and options thereafter, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Red Lobster is the world’s largest and most-loved seafood restaurant company, with over 500+ locations across the U.S.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

8,360 SF

Building Class

Year Built

1992

Price

$8,109,546 CAD

Price Per SF

$970.04 CAD

Cap Rate

6.35%

NOI

$514,986 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

1.26 AC

Zoning

C-2 - General Commercial

Parking

54 Spaces (6.46 Spaces per 1,000 SF Leased)

Dedicated Turn Lane

Freeway Visibility

Restaurant

Signage

Accommodation and Food Services
99,999 SF
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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.