Schedule a Video Call

Red Lobster - 370 Mall Drive, Danville, VA

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $2,969,000

  • 5,498

  • 5.90%

  • NOI :

  • Acres :

  • $175,175

  • 0.33

  • Property Type :

  • Property Status :

  • Retail

  • Available

Investment Highlights

  • Recent Lease Extension – 18 years remaining with three (3) 5 – year options
  • Beginning January 1st, 2025, 1% annual increases that will continue throughout the remaining term and into the option periods.
  • National brand with over 700 locations, recently acquired by the Thai Union and partners, the Thai Union is a very large diversified company headquartered in Southeast Asia with sales in excess of $4 billion annually.
  • Located at the entrance to the Danville Mall, currently owned by the Hull Company, a very large retail mall owner and developer. Anchored by Belk and Dunham Sports, complimenting the 28 other stores.
  • Construction is underway – Located only 2.6 miles from the site of a soon to be built Caesar's Casino, an over $400 million investment which is expected to employ over 2500 people and generate well over $38 million in tax revenue to the city.

Subscribe to Our Distribution List