$5,999,000 SALE
Retail
8,071 SF
2328 Commercial Way
Spring Hill, FL 34606 Red Lobster



With over 21 years remaining on an absolute NNN lease and established tenancy with over 30 years of operating history, this property presents a strong core investment opportunity. With a 2022 NOI of $344,018.00, this absolute NNN lease is located in a very high traffic area that has AADT per Florida DOT of 45,500 and within a 3 mile radius of more than 16,000 households with an average income of $57,000 and several new developments yet to come. Founded by Bill Darden in 1968, Red Lobster is an American casual dining restaurant chain headquartered in Orlando, Florida. It has operations in 44 U.S. States and over 700 locations around the world.


Property Type Retail
Property Use Net Leased Property
Year Built 1994
Renovated Year 2011
Max Continuous Area 8,760
Zoning Commercial
Tax Year 2021
Cap Rate Percentage 5.73
Listing ID RVE4WY
Style Hosp. Restaurant
Building Size 8,071 SF
Lot Size 2.29 AC
Available Date Apr 12th, 2022
Taxes $43,661
Area Description

Region: Florida West Coast

Region: East Coast USA

Region: Timber Hills Plaza

Region: America/USA

Property Features
Parking Places: 105
Location Name: Hernando County
Zoning: Commercial
Lot Size: 2-5 Acres
Sewer: City
Age: 21-30 Years Old
Water: City Water

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