Red Lobster
Red Lobster
www.redlobster.com
34
Number on Market
$5.1M
Average Price
17.5
Average Remaining Term (Years)
6.42%
Average Cap Rate
Red Lobster Tenant Overview
Red Lobster, an American casual dining restaurant primarily focused on seafood, holds a prominent position in the culinary landscape. Founded in 1968 by Bill Darden, the brand has experienced remarkable growth and now boasts a widespread presence from coast-to-coast. Red Lobster’s menu showcases a diverse selection of delectable seafood offerings, ranging from succulent lobsters and tantalizing shrimp to flavorful crabs and mollusks. A particular highlight is the preparation of fresh Maine lobster by certified grill masters on their signature wood-fire grills, ensuring a mouthwatering dining experience for patrons.
Beyond its delectable cuisine, Red Lobster is deeply committed to sustainability and responsible sourcing of seafood. The restaurant goes to great lengths to ensure that its seafood is 100% traceable and originates from suppliers that adhere to stringent regulatory measures aimed at managing fish populations responsibly.
Tenant Data:
| Company | Red Lobster, Inc. |
|---|---|
| Parent Company | Darden Restaurants, Inc. |
| Ownership | Public |
| Headquarters | Orlando, FL |
| Ticker | NYSE: DRI |
| Credit Rating | Caa1 (Moody’s) |
| Annual Revenue | $10.5B (FY 2023) |
| Locations (North America) | ± 653 |
| Website | www.redlobster.com |
| Average Red Lobster Info | |
|---|---|
| Number on Market | 34 |
| Average Price | $5,104,240 |
| Average Remaining Term | 17.5 Years |
| Average Cap Rate | 6.42% |
| Average NOI | $325,741 |
| Average PPSF | $649 |
| Average Building SF | 7,834 SF |
| Average Lot Size | 1.59 AC |
| AS OF 02/01/2024 | |
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