Red Lobster NNN
For Sale
Contact for pricing
Pending
407 Eisenhower Drive, Hanover, PA 17331
Restaurant real estate supported by a long-term NNN lease and multiple renewal options.
Property Size5,071 SF
Lot Size0.92 Acres
Days on Market145
Property Features for 407 Eisenhower Drive
General Information
Standard status
Pending
Size
5,071 SF
Lot size
0.92 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 31 at 4:45PM
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 property in Hanover, Pennsylvania, includes a 5,071-square-foot restaurant building on approximately 0.92 acres. The asset is leased under a 25-year Triple-Net structure, with 21 years remaining in the base term.
The lease provides four five-year renewal options, and contractual rent growth is set at 2.00% annually through those options. The property is located at 407 Eisenhower Drive, Hanover, PA 17331.
The lease provides four five-year renewal options, and contractual rent growth is set at 2.00% annually through those options. The property is located at 407 Eisenhower Drive, Hanover, PA 17331.
Key Highlights
- 5,071 square feet of restaurant building space
- Approximately 0.92 acres of land
- 25‑year Triple‑Net (NNN) lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
581k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Superstores 19%
Shops & Services 18%
Groceries 14%
Walmart
Superstores
110,639 visits/mo
0.1 miles
Chick-fil-A
Dining
56,208 visits/mo
0.4 miles
Kohl's
Apparel
52,889 visits/mo
0.4 miles
Giant Food Store
Groceries
44,477 visits/mo
0.2 miles
McDonald's
Dining
32,198 visits/mo
0.4 miles
Demographics for 17331, PA
55,458
Population
23,528
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
90%
High-School Grad
74.4 sq mi
ZIP Area
745
Density / Sq Mi
$76,661
Median Household Income
$45,168
Median Earnings
$1,127
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Restaurant real estate supported by a long-term NNN lease and multiple renewal options.
Where is this nnn property located?
The property is located at 407 Eisenhower Drive Hanover, PA.
What are key features of this property?
This property features: 5,071 square feet of restaurant building space; Approximately 0.92 acres of land; 25‑year Triple‑Net (NNN) lease
