Red Lobster NNN Restaurant
For Sale
Contact for pricing
Pending
7067 Day Drive, Parma, OH 44129
Freestanding Red Lobster is offered for sale under a 25-year triple-net lease with 21 years remaining.
Property Size7,608 SF
Lot Size1.67 Acres
Days on Market123
Property Features for 7067 Day Drive
General Information
Standard status
Pending
Size
7,608 SF
Lot size
1.67 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 9 at 8:03AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Red Lobster restaurant property is available for sale and includes 7,608 square feet of building space on approximately 1.67 acres of land. The asset is subject to a 25-year triple-net (NNN) lease, with 21 years remaining on the base term.
The current rent is $266,055 and is scheduled to increase by 2.00% annually. These increases will continue through the four, five-year tenant renewal options.
The property is identified as 7067 Day Drive in Parma, Ohio.
The current rent is $266,055 and is scheduled to increase by 2.00% annually. These increases will continue through the four, five-year tenant renewal options.
The property is identified as 7067 Day Drive in Parma, Ohio.
Key Highlights
- 7,608 SF freestanding Red Lobster on approximately 1.67 acres in Parma, OH
- 25‑year triple‑net (NNN) lease in place with 21 years remaining on the base term
- Current rent is $266,055 with 2.00% annual increases
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44129, OH
28,803
Population
12,756
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,966
Density / Sq Mi
$67,619
Median Household Income
$39,174
Median Earnings
$1,024
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding Red Lobster is offered for sale under a 25-year triple-net lease with 21 years remaining.
Where is this conventional restaurant located?
The property is located at 7067 Day Drive Parma, OH.
What are key features of this property?
This property features: 7,608 SF freestanding Red Lobster on approximately 1.67 acres in Parma, OH; 25‑year triple‑net (NNN) lease in place with 21 years remaining on the base term; Current rent is $266,055 with 2.00% annual increases
