Red Lobster NNN
For Sale
$8,000,000
170 Wolf Rd, Colonie, NY 12205
Absolute net lease runs through 2043 with embedded contractual rent growth at a Red Lobster restaurant in Colonie, NY.
Property Size9,415 SF
Price / SF$849.71
Days on Market115
Property Features for 170 Wolf Rd
General Information
Standard status
Active
Size
9,415 SF
Property subtype
Restaurant
Lease Type
NNN
Additional Details
Cap Rate
6%
Amenities
Great location, walking distance from multiple Hotels including the Fairfield by Marriott Inn & Suites Albany Airport which is directly next door, as well as the Marriott Albany across the road.
Predictable Cash Flow. Built-in rent escalations 2% annually with 4 x 5-year renewal options.
Zero Landlord Responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, including the roof and structure.
Building Details
Building Size
9,415 SF
Tenancy
Single
Listed By:
Henri Kessler · License #License(s): NY: 10401288939
(646) 805-1427
Source:
Marcusmillichap
Added: May 14
Changed: Sep 4
Last Checked: Sep 5 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Henri Kessler
Investment Insights
Based on property information with market context.
This Red Lobster restaurant is offered as an absolute net lease (NNN) property, featuring a recently extended lease term through 2043 and embedded contractual rent growth. The property is built on a plot described as having above-average acreage and totals 9,415 square feet.
The asset is located at 170 Wolf Rd in Colonie, New York 12205. Public remarks indicate the chain is now owned by Fortress Investment Group.
The asset is located at 170 Wolf Rd in Colonie, New York 12205. Public remarks indicate the chain is now owned by Fortress Investment Group.
Key Highlights
- Red Lobster NNN absolute net lease runs through 2043 in Colonie, NY, with embedded contractual rent growth.
- NNN lease structure provides an absolute net lease setup for the property.
- Contractual terms include a 6.00% yield (as stated in the listing).
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
180k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 23%
Hotels & Casinos 15%
Home Improvements & Furnishings 2%
Olive Garden
Dining
22,818 visits/mo
0.1 miles
LongHorn Steakhouse
Dining
18,642 visits/mo
0.3 miles
Starbucks
Dining
13,376 visits/mo
0.5 miles
Outback Steakhouse
Dining
12,267 visits/mo
0.3 miles
Speedway
Shops & Services
11,923 visits/mo
0.2 miles
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute net lease runs through 2043 with embedded contractual rent growth at a Red Lobster restaurant in Colonie, NY.
Where is this nnn property located?
The property is located at 170 Wolf Rd Colonie, NY.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Red Lobster NNN absolute net lease runs through 2043 in Colonie, NY, with embedded contractual rent growth.; NNN lease structure provides an absolute net lease setup for the property.; Contractual terms include a 6.00% yield (as stated in the listing).
