Red Lobster

3109 Spotsylvania Mall Drive | Fredericksburg, Virginia 22407

Contact Brokers

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Jim Shiebler, CCIM, CEC

First Vice President Investments

Jim.Shiebler@MarcusMillichap.com

(O) 239.340.7811
FL #SL3347780

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James Garner, CCIM
First Vice President Investments​James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL3273659

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James Medefind
Senior Vice President Investments
James.Medefind@MarcusMillichap.com
(O) 813-387-4788
FL #SL3216834

Highlights

  • Absolute NNN Corporate Lease - 600+ Locations

  • 2% Annual Rent Increases Outpacing Inflation

  • Ideally Positioned Directly in Front of Costco

  • Outparcel to Spotsylvania Towne Centre, The Village at Towne Centre & Soon to Come Aura at Town Centre Spanning Over 1.3 Million Square Feet

  • Adjacent to Plank Road Boasting 83,000 Cars Per Day 

  • Extremely Affluent Area: $105,760 Household Income – 1 Mile (185% of National Average) and $99,572 Household Income - 3 Miles

Description

Marcus & Millichap is pleased to present Red Lobster, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Fredericksburg, Virginia. This unique investment opportunity is ideally positioned directly in front of Costco and an outparcel to Spotsylvania Towne Centre, The Village at Towne Centre & Soon to Come Aura at Towne Centre spanning over 1.3 million square feet and bringing in in over 7 million shoppers per year. The subject property is located in an extremely affluent area with an average household income of $105,760 which is 185% of the national average. With an Absolute NNN Lease backed by 600+ locations, this prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.