• For $5.46M s 5.6% Cap Rate in Columbia

Horvath & Tremblay sells MD Red Lobster


COLUMBIA, MD — Kyle Danielson, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Red Lobster in Columbia. Horvath & Tremblay procured the buyer in the transaction to close the property at a sale price of $5,462,286, a 5.6% cap rate. Red Lobster operates under a NNN lease with over 21 years of base term remaining. Attractive 2% annual rental increases are scheduled throughout the lease term and in the four, 5-year renewal options.

#COLUMBIAMD #KYLEDANIELSON #BOBHORVATH #TODDTREMBLAY #HORVATHTREMBLAY

15 views

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.