Lowest Cap Rate
4.92%
Lowest Cap Rate over past 24 months
Average Cap Rate
8.83%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Red Lobster is a casual dining restaurant known for its seafood. Red Lobster has over 700 locations countrywide and locations internationally. In general, Red Lobster offers a 20 to 25-year lease with zero landlord responsibility. In addition to the long-term lease, Red Lobster typically has rent escalations built into their terms, but in general keep those escalations to approximately 2% annually.
Property & Lease
Sales Price Range$3,000,000 - $6,750,000
NOI Range$175,000 - $400,000
Building SF8,000
Lease Term20 - 25 Years
Escalations2% Annually
Stock SymbolNYSE:DRI
Credit Rating
S&PN/A
Moody'sCaa1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.67
6.06
6.78
7.35
6.12
6.19
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Cincinnati, OH10.00%
Mesa, AZ8.81%
Wichita Falls, TX7.68%
Top Consumer Traffic
Secaucus, NJ691,700
Brooklyn, NY350,300
Yonkers, NY343,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
