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479 N Telegraph Rd
Waterford, MI 48328
Red Lobster - Absolute NNN Corporate Guaranty · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease – zero landlord responsibilities
  • Attractive 2% annual increases
  • Red Lobster is the largest seafood restaurant company in the world
  • Over 17 years remaining on lease
  • Corporate Guaranty (Red Lobster Intermediate Holdings LLC)
  • Adjacent to Oakland Pointe Shopping Center (31 store shopping mall)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Property Size
9,100 sq ft
Costar Property Class
B
Year Built
1997
Tenancy
Single
Number of Floors
1
Plot ratio
0.10
Total Plot Size
2.11 ac
Use Class
BI
Parking
85 Spaces (9.34 Spaces per 1,000 sq ft Leased)
Frontage
229 ft on Mall Dr

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-24-478-002
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£496,543
  • Listing ID: 26829067

  • Date on Market: 11/10/2022

  • Last Updated:

  • Address: 479 N Telegraph Rd, Waterford, MI 48328

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