3000 Sisk Rd Modesto, CA 95350
NNN leased Red Lobster in Modesto, CA with annual rent increases.
Property size:
8,248 SFLot size:
1.63 AcresProperty Features for 3000 Sisk Rd
General Information
- Size
- 8,248 SF
- Lot size
- 1.63 Acres
Source:
Moodyscre
Listing Agent: Glen Kunofsky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Red Lobster NNN Investment Opportunity
This offering features a Red Lobster property located at 3000 Sisk Road in Modesto, California. The building encompasses approximately 8,248 square feet and is situated on an estimated 1.65-acre parcel of land. The property is subject to a long-term absolute triple-net (NNN) lease that began on October 28th, 2015. The current annual rent is $496,644, with scheduled increases of 2% annually throughout the base term and in each of the four 5-year renewal options. This property is suitable for conventional restaurants, general restaurants, retail, NNN properties, and specialty properties.
Location Intelligence
Current Use by Public Records
Red Lobster
American Restaurant
Location Insight
- Map
- Local Demand
- City
- Modesto
- County
- Stanislaus
- State
- California
- Longitude
- -121.048902
- Latitude
- 37.6825038
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - NNN leased Red Lobster in Modesto, CA with annual rent increases.
Where is this conventional restaurant located?
The property is located at 3000 Sisk Rd Modesto, CA.
What is the asking price?
The asking price for this property is $8,237,024.
What are key features of this property?
This property features: - Long-term absolute triple-net (NNN) lease in place, commenced October 28th, 2015.; - Located on a large 1.65-acre parcel of land.; - Current annual rent is $496,644.