Red Lobster
Lowest Cap Rate
5.03%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.41%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Red Lobster is a casual dining restaurant known for its seafood. Red Lobster has over 700 locations countrywide and locations internationally. In general, Red Lobster offers a 20 to 25-year lease with zero landlord responsibility. In addition to the long-term lease, Red Lobster typically has rent escalations built into their terms, but in general keep those escalations to approximately 2% annually.
Property & Lease
Average Sale Price$3,000,000 - $6,750,000
Average NOI$175,000 - $400,000
Building SF8,000
Lease Term20 - 25 Years
Escalations2% Annually
Stock SymbolNYSE:DRI
Credit Rating
S&PN/A
Moody'sCaa1
Cap Rate By Region
6.15
5.85
6.15
6.11
5.59
5.55
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Murfreesboro, TN6.25%
Talleyville, DE6.85%
Lakewood, CO6.12%
Top Consumer Traffic
Secaucus, NJ458,300
Brooklyn, NY450,800
Fresno, CA353,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data