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Red Lobster Properties For Sale 

    



Interested in Purchasing a Red Lobster Property for Investment?

 

If you wish to purchase a Red Lobster property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Red Lobster Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

red lobster

      
Price: 

$2M - $5M


Lease Term
:

15– 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
5.5% – 6%

 

 

 

Private
Industry Restaurant
Genre Casual dining
Founded March 22, 1968
Lakeland,Florida, U.S.
Founder Bill Darden and Charley Woodsby
Headquarters 450 S. Orange Avenue
Orlando, Florida,U.S.
Number of locations 
705 (2013)
Area served 
United States
Mexico
Saudi Arabia
Canada
Japan
United Arab Emirates
Qatar
Brazil
Malaysia
New Zealand
Key people 
Kim Lopdrup(CEO)
Salli Setta(President)
Products Seafood,Chicken,Steaks,Pasta
Parent Golden Gate Capital
Website www.RedLobster.com
 

    

   

About Red Lobster : 

  

Red Lobster  is an American  casual dining  restaurant chain  headquartered in  Orlando, Florida. The company has operations in Canada, Malaysia, Saudi Arabia, the United Arab Emirates, Qatar, Mexico, and Japan, in addition to the United States. As of February 24, 2013, there were 705 locations worldwide.  Golden Gate Capital  has been Red Lobster's  parent company  since it was acquired from  Darden Restaurants  on July 28, 2014.[3] 

On August 6, 2014, Red Lobster announced their new headquarters location in  CNL Center City Commons  in    Orlando, Florida,[4]  and made the transition in early-March 2015. 

 

 

Red Lobster was founded in March 22, 1968 by entrepreneurs Bill Darden and Charley Woodsby. Originally billed as a "Harbor for Seafood Lovers", the first restaurant inLakeland, Florida, was followed by several others throughout the southeast. In 1970,  General Mills  acquired Red Lobster as a five-unit company. With new backing, the chain expanded rapidly in the 1980s. 

Red Lobster entered Canada in the 1980s, in many cases by buying  Ponderosa restaurant  locations. The company generally maintains between 25 and 30 locations in Canada, the bulk in larger urban centres in Ontario (across Southern Ontario plus one in Sudbury in Northern Ontario) with a smaller number in larger urban centres in all three Prairie provinces. It exited the  Quebec  market in September 1997 due to financial losses and never attempted to enter the market in  British Columbia.[5] 

On March 29, 1994, Bill Darden died after an extended illness at the age of 75.[6] 

In 1995, Red Lobster (along with  Olive Garden  and other sister chains), became part of Darden Restaurants, Inc.. During that time, General Mills decided to release Darden into an independent, publicly traded  corporation. [2] 

The brand specializes in  seafood, including  lobster,  shrimp,  fish,  crab, and  mollusks

 

Red Lobster  Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



 

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