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3000 Sisk Rd Modesto, CA 95350

For Sale
$8,237,024

NNN leased Red Lobster in Modesto, CA with annual rent increases.

Property size:
8,248 SF
Lot size:
1.63 Acres

Property Features for 3000 Sisk Rd

General Information

Size
8,248 SF
Lot size
1.63 Acres

Source: NNN Pro Group 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.
Insight Report Location Intelligence

Current Use by Public Records

Red Lobster American Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Modesto
County
Stanislaus
State
California
Longitude
-121.048902
Latitude
37.6825038

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.
More about this property
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