Red Lobster Restaurant
For Sale
Contact for pricing
Pending
3705 Murdoch Ave, Parkersburg, WV 26101
Restaurant property leased under a long-term NNN structure with scheduled annual increases and renewal options.
Property SizeContact for details
Days on Market142
Property Features for 3705 Murdoch Ave
General Information
Standard status
Pending
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 30 at 4:11AM
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 Red Lobster restaurant property at 3705 Murdoch Ave in Parkersburg, West Virginia, includes a 5,205-square-foot building on approximately 1.21 acres. The asset is configured for restaurant use and is subject to a 25-year Triple-Net lease, with 21 years remaining in the base term.
The lease provides for 2.00% annual increases through four additional five-year tenant renewal options. This combination of an established restaurant building, sizable land component, and extended lease term defines the property’s current commercial configuration.
The lease provides for 2.00% annual increases through four additional five-year tenant renewal options. This combination of an established restaurant building, sizable land component, and extended lease term defines the property’s current commercial configuration.
Key Highlights
- 5,205‑square‑foot restaurant building
- Approximately 1.21 acres of land
- 25‑year Triple‑Net lease structure
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
417k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 31%
Shops & Services 11%
Home Improvements & Furnishings 8%
JCPenney
Apparel
53,137 visits/mo
0.4 miles
Chick-fil-A
Dining
51,449 visits/mo
0.2 miles
Belk
Apparel
38,258 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
29,777 visits/mo
0.1 miles
Olive Garden
Dining
28,158 visits/mo
0.2 miles
Demographics for 26101, WV
28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
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 leased under a long-term NNN structure with scheduled annual increases and renewal options.
Where is this conventional restaurant located?
The property is located at 3705 Murdoch Ave Parkersburg, WV.
What are key features of this property?
This property features: 5,205‑square‑foot restaurant building; Approximately 1.21 acres of land; 25‑year Triple‑Net lease structure
