Red Lobster Restaurant
For Sale
Contact for pricing
Pending
1725 Rainbow Dr, Gadsden, AL 35901
Restaurant property subject to an absolute triple-net lease with multiple renewal options.
Property Size7,040 SF
Lot Size1.74 Acres
Days on Market143
Property Features for 1725 Rainbow Dr
General Information
Standard status
Pending
Size
7,040 SF
Lot size
1.74 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 9:15AM
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.
The restaurant building contains 7,040 rentable square feet and occupies an estimated 1.74-acre parcel at 1725 Rainbow Drive in Gadsden, Alabama. The property is associated with a Red Lobster operation and is leased under an absolute NNN structure. The lease commenced December 17, 2015, with a 25-year base term. Contractual rent increases are scheduled at 2% annually during the initial term and continue at that rate through each renewal option. The agreement also includes 4 additional options, each lasting 5 years, establishing a defined renewal framework for the restaurant property.
Key Highlights
- 7,040 rentable square feet on an estimated 1.74‑acre parcel
- Absolute NNN lease structure
- 25‑year base lease term commenced December 17th, 2015
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35901, AL
18,671
Population
9,075
Households
2.1
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
59.2 sq mi
ZIP Area
315
Density / Sq Mi
$47,826
Median Household Income
$30,212
Median Earnings
$747
Median Rent
$174,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property subject to an absolute triple-net lease with multiple renewal options.
Where is this conventional restaurant located?
The property is located at 1725 Rainbow Dr Gadsden, AL.
What are key features of this property?
This property features: 7,040 rentable square feet on an estimated 1.74‑acre parcel; Absolute NNN lease structure; 25‑year base lease term commenced December 17th, 2015
