Red Lobster

 Indianapolis, IN

Asking Price


Cap Rate



Guaranty Type



Absolute NNN



Large Lot &

Building Size


Population (5-Mi)


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  • Corporate Guaranty
    Income is guaranteed by Red Lobster Intermediate Holdings, which has over 700 locations globally.
  • Absolute NNN Lease and Annual Rental Increases
    Red Lobster is under an Absolute NNN lease, leaving no responsibilities to the Landlord. The lease also provides 2% annual rental increases throughout the term, with options extending into 2055. 
  • Large Lot and Building Size
    The Property benefits from a large 1.58-acre lot and 7,552 sf of usable space for Red Lobster. 
  • Rare 2% Annual Rent Increases
    Red Lobster’s lease contains 2% annual rent increases throughout the primary term, and throughout the option periods.
  • #1 Ranked "Best State to Start a Business" in 2023
    The combination of low cost of living, low tax rates, and readily available support earned Indiana the Forbes #1 ranking in 2023.
  • Attractive Demographics | 232K+ 5-Mi Radius | 35M Annualized Traffic Count
    The Property is located in a densely populated suburb, with 232,483 people within a 5-mi pop. and high traffic counts from I-70 (62,983 VPD) and Shadeland Ave (34,626 VPD).
  • High Traffic Drivers | 1,400 Hotel Rooms within 1-Mi of Property | Neighboring Senior Living Facilities
    Red Lobster benefits from several traffic drivers, including the surrounding 11 hotels containing over 1,400 rooms, as well as nearby senior living facilities, attracting additional customers from the estimated 800 total rooms near Red Lobster. 
  • Retail Synergy | Proximity to National Tenants
    The immediate area surrounding Red Lobster creates a bustling commercial and industrial corridor, with national restaurant tenants such as McDonald’s, Burger King, Starbucks, and national auto dealerships such as Chevrolet, Mazda, Nissan, and Honda.
  • Surrounded by Suburban Residential and Apartment Communities
    Red Lobster is well positioned in a residential community consisting of several single-family neighborhoods and nearby apartment complexes such as Charleston East Apartments (180+ Units) and Eastgate Terrace Apartments (75+ Units).
  • 1.2-mi from Vertex Solutions (Previously Raytheon) | 600 Employees at Location
    The site is approximately 1.2 miles from Vertex Solutions, a pilot training facility with 600 employees on site every day, increasing daytime traffic near Red Lobster. 

Exclusively Listed By

Mike Philbin

Senior Vice President      (858) 877-9847

Enoch Escalera

Investment Sales Analyst      (971) 351-9232

Maggie Brady

Investment Sales Analyst      (858) 529-8972

In Association With
Tom Fritz

Lic. #RB14048630


4260 Galewood St. Suite A
Lake Oswego, OR 97035