7067 Day Drive Parma, OH 44129

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 10 Updated: Jul 21 at 7:49AM Checked: Jul 21 at 7:49AM

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Investment Insights

Based on property information with market context.

This Red Lobster restaurant property is available for sale and includes 7,608 square feet of building space on approximately 1.67 acres of land. The asset is subject to a 25-year triple-net (NNN) lease, with 21 years remaining on the base term.

The current rent is $266,055 and is scheduled to increase by 2.00% annually. These increases will continue through the four, five-year tenant renewal options.

The property is identified as 7067 Day Drive in Parma, Ohio.

Key Highlights

• 7,608 SF freestanding Red Lobster on approximately 1.67 acres in Parma, OH
• 25‑year triple‑net (NNN) lease in place with 21 years remaining on the base term
• Current rent is $266,055 with 2.00% annual increases

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FAQs

What type of property is this?

Conventional restaurant - Freestanding Red Lobster is offered for sale under a 25-year triple-net lease with 21 years remaining.

Where is this conventional restaurant located?

The property is located at 7067 Day Drive Parma, OH.

What are key features of this property?

This property features: 7,608 SF freestanding Red Lobster on approximately 1.67 acres in Parma, OH; 25‑year triple‑net (NNN) lease in place with 21 years remaining on the base term; Current rent is $266,055 with 2.00% annual increases