Red Lobster - 3501 S Memorial Dr

Greenville, NC 27834

• NNN Property
• Retail for Sale
• $4,047,826 CAD
• 8,355 SF

Greenville Retail for Sale - Southwest Greenville

Surmount is pleased to present the exclusive listing for a Red Lobster located at 3501 South Memorial Drive, Greenville, NC 27834. The site consists of roughly 8,355 rentable square feet of building space on an estimated 1.87-acre parcel of land. Red Lobster is subject to a 22.61-year Triple Net (NNN) lease, which commenced 7/28/2014 and has more than 10.75 years remaining on the lease. The current annual rent is $200,000 and has scheduled increases of 2.00% annually starting 8/1/2027.

Contact:

Surmount

Property Subtype:

Restaurant

Date on Market:

2026-04-08

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Speedway | 6 Yrs NNN | Strong Retail Corridor - 502 Greenville Blvd SW

Greenville, NC 27834

• NNN Property
• Retail for Sale
• $2,733,027 CAD
• 2,580 SF

Greenville Retail for Sale - Southwest Greenville

• 7-Eleven, Inc. completed its landmark acquisition of 3,800 Speedway stores in 2021, significantly expanding its U.S. presence • Acquisition strengthened 7-Eleven’s position as the largest convenience retailer in North America, now operating 13,000+ locations • Lease is backed by Speedway’s corporate entity, providing a stable and secure investment. • Integration of Speedway enhances operational scale, distribution efficiencies, and long-term brand performance • 6+ years remaining on the current lease term with multiple 5-year renewal options

Contact:

SRS National Net Lease

Property Subtype:

Service Station

Date on Market:

2025-12-04

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808 S Memorial Dr

Greenville, NC 27834

• NNN Property
• Retail for Sale
• $3,428,680 CAD
• 4,470 SF

• Restaurant

Greenville Retail for Sale - Southwest Greenville

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Denny’s investment property located in Greenville, North Carolina. The tenant, RJC, LLC dba Denny’s has over 10 years remaining on the initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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 a passive investor.

Contact:

SRS National Net Lease

Property Subtype:

Restaurant

Date on Market:

2025-07-22

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United Bank - 1900 W Vernon Ave

Kinston, NC 28504

• NNN Property
• Retail for Sale
• $1,922,611 CAD
• 7,878 SF

Kinston Retail for Sale

Absolute NNN lease with 10% bumps at option periods guaranteed by United Bank through 9/30/2028. United Bank has approximately $30 billion in assets. Prior to being acquired by United Bank, this branch served as a consolidated location of two First South Banks that were located in Kinston. The property is situated on 1.28 acres and is positioned on a major corridor with 18,500 cars per day passing the site. The building is located in Downtown Kinston with numerous walkable amenities nearby including restaurants, breweries and historical attractions. Occupancy: 100%, Single-tenant Year Built: 1977 Square Feet: 7,878 SF Acres: 1.28 Acres Current Use: Bank/Office Zoning: B-1 NOI: $95,000.00 Options: Two (2) five (5) year options with 10% bumps Absolute NNN: No LL Responsibilities Sale price: $1,357,000 7.0% Cap Rate

Contact:

Lee & Associates

Property Subtype:

Bank

Date on Market:

2024-07-25

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