Red Lobster Real Estate Opportunities & Market Research
Red Lobster
Lowest Cap Rate
4.92%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.35%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.10%
Average Cap Rate over previous quarter
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
Sales Price Range$3,000,000 - $6,750,000
NOI Range$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
Average regional cap rates calculated over past 24 months, irrespective of term length
5.82
5.86
6.22
6.06
5.72
5.92
*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
Santa Maria, CA7.23%
Hicksville, NY4.92%
Rapid City, SD6.30%
Top Consumer Traffic
Secaucus, NJ541,200
Brooklyn, NY412,900
Yonkers, NY362,200
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
