Restaurant
Red Lobster
170 Wolf Rd, Colonie, NY 12205
Listing Price: $8,000,000
Investment Overview
*Albany’s premier retail corridor – with a recently extended absolute net lease through 2043 and embedded contractual rent growth situated on a plot with above average acreage.
*Robust New Ownership & Backing. The chain is now owned by Fortress Investment Group, a global powerhouse with over $48 billion in assets under management.
*Defensive "Value" Segment. As a casual dining staple, Red Lobster occupies a defensive niche. While it faces competition, it remains the largest seafood-focused chain in the U.S. In inflationary environments, its "value-oriented" seafood positioning tends to capture diners trading down from higher-end steakhouses and independent seafood venues.
*Red Lobster Net Lease (NNN) property is a classic "yield play" in the casual dining sector, especially as the brand stabilizes under new ownership.
Red Lobster
Investment Highlights
- Great location, walking distance from multiple Hotels including the Fairfield by Marriott Inn & Suites Albany Airport which is directly next door, as well as the Marriott Albany across the road.
- Predictable Cash Flow. Built-in rent escalations 2% annually with 4 x 5-year renewal options.
- Zero Landlord Responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, including the roof and structure.
Exclusively Listed By
Listing Price: $8,000,000
Investment Highlights
- Great location, walking distance from multiple Hotels including the Fairfield by Marriott Inn & Suites Albany Airport which is directly next door, as well as the Marriott Albany across the road.
- Predictable Cash Flow. Built-in rent escalations 2% annually with 4 x 5-year renewal options.
- Zero Landlord Responsibilities. The tenant is responsible for all taxes, insurance, and maintenance, including the roof and structure.
Investment Overview
*Albany’s premier retail corridor – with a recently extended absolute net lease through 2043 and embedded contractual rent growth situated on a plot with above average acreage. *Robust New Ownership & Backing. The chain is now owned by Fortress Investment Group, a global powerhouse with over $48 billion in assets under management. *Defensive "Value" Segment. As a casual dining staple, Red Lobster occupies a defensive niche. While it faces competition, it remains the largest seafood-focused chain in the U.S. In inflationary environments, its "value-oriented" seafood positioning tends to capture diners trading down from higher-end steakhouses and independent seafood venues. *Red Lobster Net Lease (NNN) property is a classic "yield play" in the casual dining sector, especially as the brand stabilizes under new ownership.
Exclusively Listed By
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