Triple-Net Leased Red Lobster
18446 Interstate 45 S Shenandoah, TX 77384
For Sale
Contact for pricing
Pending
Red Lobster restaurant offered for sale on a 25-year NNN lease with about 19 years remaining.
Days on Market104
Property Features for 18446 Interstate 45 S
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
Kent Jones Commercial Properties
Listed By:
Kent Jones · License #TX 230942
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 11:52AM
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 Kent Jones Commercial Properties
Investment Insights
Based on property information with market context.
The Red Lobster restaurant property at 18446 Interstate 45 S, Shenandoah, TX 77384 is offered for sale under a 25-year triple-net (NNN) lease structure. The lease has roughly 19 years remaining. Current annual rent is $229,284, with scheduled 2% annual rent increases.
The lease includes four, five-year tenant renewal options, which may extend the term beyond the current period. The property is currently occupied by Red Lobster.
The offering is described as having tenant renewal provisions incorporated into the lease schedule, with rent growth continuing annually as specified in the agreement.
The lease includes four, five-year tenant renewal options, which may extend the term beyond the current period. The property is currently occupied by Red Lobster.
The offering is described as having tenant renewal provisions incorporated into the lease schedule, with rent growth continuing annually as specified in the agreement.
Key Highlights
- Red Lobster property on a 25‑year triple‑net (NNN) lease with roughly 19 years remaining
- Current annual rent is $229,284 with 2% annual rent increases
- Tenant renewal options included: four, five‑year options
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar Off Market Nearby
- East Buffet — 310 Cypress Creek Pkwy #100, Houston, TX 77090
FAQs
What type of property is this?
Conventional restaurant - Red Lobster restaurant offered for sale on a 25-year NNN lease with about 19 years remaining.
Where is this conventional restaurant located?
The property is located at 18446 Interstate 45 S Shenandoah, TX.
What are key features of this property?
This property features: Red Lobster property on a 25‑year triple‑net (NNN) lease with roughly 19 years remaining; Current annual rent is $229,284 with 2% annual rent increases; Tenant renewal options included: four, five‑year options
