SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Red Lobster investment property located in Mesa, Arizona. The tenant has approximately 16 years remaining on its lease, with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. This location has always been a strong performing store with the lease remaining unchanged through the bankruptcy and rent being paid in full monthly. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Red Lobster is now under new ownership by Fortress Investment Group which has closed over 150 poor performing locations. Fortress is also the owner of SPB Hospitality, which owns Krystal, Logan’s Roadhouse, J. Alexander’s, Gordon Biersch Brewery Restaurant, and several other restaurant brands. Red Lobster’s new CEO was most recently the CEO of P.F. Chang’s and comes to the seafood chain with vast experience ready to turn around the iconic chain.