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935 Wayne AveChambersburg, PA 17201
Red Lobster | Chambersburg, PA
Asset ClassRetail
Lease-Term Remaining15.1 Years
Land: 2.06 AcresYear Built: 2012Rentable SF: 6,095Access Data Room
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Overview

Tenant Overview & History

The Company was founded in 1968 and currently operates over 600 restaurants throughout the United States and Canada, and has more than 40 franchised restaurants in international markets. Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and significant advertising budget Red Lobster is led by an experienced management team with a history of success leading the brand(average 27 years experience across executive team) The company generates 2.5 billion in revenue and is the 5th largest casual dining concept in North America. The company has operations across most of the United States, as well as in China, Ecuador, Guam, Hong Kong, Japan, Malaysia, Mexico, Philippines, Puerto Rico, Qatar, and the United Arab Emirates;

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Investment Highlights

  • Real Estate Fundamentals
  • Long Term Lease with annual rent bumps
  • Centralized Location
  • Absolute NNN | Fee Simple Ownership
  • Situated along major I-81
  • Dense Middle Class Demographics
  • Strong Sales
  • Fortress Investment Group | New Management
  • Strategic Location
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935 Wayne AveChambersburg, PA 17201
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Listing provided by Revere CRE