Red Lobster 12235 St. Charles Rock Rd

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in the single-tenant, Absolute NNN, Red Lobster located at 12235 Saint Charles Rock Road in Bridgeton (St Louis MSA), Missouri (the “Property”). The Property was renovated for Red Lobster in 2012. Red Lobster has 9+ years remaining on their lease term with four, 5-year renewal options. Red Lobster’s lease calls for attractive 2% annual increases providing for fixed, annual increases in revenue. The Property is strategically located adjacent to the signalized intersection of McKelvey Road and Saint Charles Rock Road (MO Route 180), the area’s primary commercial corridor. The Property enjoys excellent frontage and visibility, is shadow anchored by Target, across the street from The Plaza at DePaul, a Kohls and ALDI anchored center, and is surrounded by national retailers and businesses that drive significant traffic to the area. The Property is close to Interstates 70 and 270 and is just 3.5-miles from St Louis Lambert International Airport, which sees over 15 million passengers annually. Bridgeton is part of the St. Louis MSA (approximately 2.8 million residents) and is 15-miles northwest of Downtown St. Louis.