Red Lobster (13 Years Remain - Huge Sales) — Sale in Farmington, NM

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Farmington, NM 87402

Photos

Red Lobster (13 Years Remain - Huge Sales) — Sale in Farmington, NM, photo 1 of 4
Red Lobster (13 Years Remain - Huge Sales) — Sale in Farmington, NM, photo 2 of 4
Red Lobster (13 Years Remain - Huge Sales) — Sale in Farmington, NM, photo 3 of 4
Red Lobster (13 Years Remain - Huge Sales) — Sale in Farmington, NM, photo 4 of 4

Investment Figures

Cap rate
6.85%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is the exclusive listing agent for the Red Lobster in Farmington, New Mexico. The property operates under an Absolute NNN lease where the landlord has no maintenance or repairs responsibilities whatsoever. The corporate guaranteed lease currently has 13 years remaining and expires July 31, 2039. The lease also includes two percent (2%) annual rent bumps and the tenant has four 5-year options to renew the lease. The 6,014 square foot building sits on a 1.36 acre parcel of land and was built in 1996. The property is ideally located along Main Street and sits directly across from a Safeway anchored grocery center and a Home Depot power center. This Red Lobster location is one of the highest performing sites in the country; per Placer.ai the site ranks in the 94th percentile nationally (28th out of 515 restaurants) and reports extremely high store sales (see agent for more details). Farmington is the largest city in San Juan County and functions as the primary commercial and service hub for the Four Corners region, serving northwest New Mexico, southwest Colorado, northeast Arizona, and parts of the Navajo Nation. Its role as a regional center for healthcare, retail, education, and government services allows it to support a trade area significantly larger than its population of roughly 46,000 residents. Farmington acts as the primary retail center for the Four Corners region, drawing shoppers from surrounding rural communities and tribal lands. Investment Highlights: • Corporate Guaranteed Absolute NNN Lease with 13 Years Remaining – 2% Annual Rent Bumps • High Performing Restaurant – Placer.ai Ranks the Site 94th Percentile or the 28th Busiest Restaurant Out of 515 Sites Nationally • Low Rent-to-Sales Ratio and Strong Reported Sales (See Agent for More Details) • Ideal Location Directly Across from Safeway Anchored Grocery Center and Home Depot Anchored Power Center • Main Street Sees Over 37,000 Vehicles Daily

Market Context

This food service in Farmington, NM is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Farmington, NM — view the full market.

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