515 Quintard Dr | Oxford, AL 36203
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- LoopNet Team
515 Quintard Dr
Oxford, AL 36203
Retail Property For Sale
Investment Highlights
- The tenant is responsible for all operating costs and expenses, providing 100% passive income to the landlord.
- Red Lobster has over 700 locations nationwide. Red Lobster was recently acquired by Thai Union Group, a multibillion-dollar international corporation
- The lease provides 2.00% annual rent increases, providing an investor with quickly growing cash flow and future value generation.
- There are just under 16 years remaining on the lease, making the asset an ideal long-term investment.
- Red Lobster is ideally situated along S Quintard Ave (30,000+ VPD) and next to Quintard Mall, anchored by Dillard’s and JCPenney.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,356 SF
Building Class
B
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.89 AC
Parking
68 Spaces (8.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 21-04-20-3-001-051.001 | Improvements Assessment | $267,056 |
| Land Assessment | $190,804 | Total Assessment | $457,860 |
PROPERTY TAXES
Parcel Number
21-04-20-3-001-051.001
Land Assessment
$190,804
Improvements Assessment
$267,056
Total Assessment
$457,860
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