170 Wolf Rd Colonie, NY 12205

Listing agency h***@marcusmillichap.com Show Phone

Listed by Henri Kessler · License #License(s): NY: 10401288939 Show Phone

Source Marcusmillichap

Added: May 14 Updated: Jul 20 at 9:15PM Checked: Jul 21 at 3:02AM

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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.

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).

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FAQs

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).