Red Lobster Restaurant with NNN
For Sale
Contact for pricing
1726 Glidewell Dr, Burlington, NC 27215
Freestanding restaurant property supported by an absolute NNN lease with scheduled annual increases and renewal options.
Property Size4,945 SF
Lot Size1.39 Acres
Days on Market144
Property Features for 1726 Glidewell Dr
General Information
Standard status
Active
Size
4,945 SF
Lot size
1.39 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 4:35PM
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 property is a Red Lobster restaurant occupying approximately 4,945 rentable square feet on an estimated 1.39-acre parcel at 1726 Glidewell Dr in Burlington, North Carolina. The asset is configured for restaurant use and is offered with an existing absolute triple-net lease.
The lease began August 1, 2018, includes 2% annual increases during the base term and each renewal period, and provides four five-year renewal options. This structure places operating, maintenance, and property expense responsibilities with the tenant as defined by the absolute NNN arrangement.
The lease began August 1, 2018, includes 2% annual increases during the base term and each renewal period, and provides four five-year renewal options. This structure places operating, maintenance, and property expense responsibilities with the tenant as defined by the absolute NNN arrangement.
Key Highlights
- Red Lobster restaurant on an estimated 1.39‑acre parcel
- Approximately 4,945 rentable square feet of building area
- Absolute triple‑net lease commenced August 1st, 2018
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
1M
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Apparel 20%
Shops & Services 19%
Superstores 18%
Target
Superstores
124,101 visits/mo
0.2 miles
BJ's Wholesale Club
Superstores
60,328 visits/mo
0.3 miles
Chick-fil-A
Dining
59,612 visits/mo
0.1 miles
T.J. Maxx
Apparel
54,418 visits/mo
0.3 miles
Five Below
Shops & Services
46,196 visits/mo
0.2 miles
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
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 - Freestanding restaurant property supported by an absolute NNN lease with scheduled annual increases and renewal options.
Where is this conventional restaurant located?
The property is located at 1726 Glidewell Dr Burlington, NC.
What are key features of this property?
This property features: Red Lobster restaurant on an estimated 1.39‑acre parcel; Approximately 4,945 rentable square feet of building area; Absolute triple‑net lease commenced August 1st, 2018
