Red Lobster

For Sale

1726 Glidewell Drive, Burlington, NC 27215

This Burlington property for sale is located at 1726 Glidewell Drive. The current listed sale price for Red Lobster is $2,262,623.52. Red Lobster is situated on a lot that is 1.84 acre in size.

Contacts

broker

Nick Yaldo

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Freestanding
  • Property Size 5,927 SF
  • Lot Size 1.84 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 127
  • Property Tenancy Single Tenant
  • Year Built 2011
  • Date Updated May 29, 2024
Burlington is a city in Alamance and Guilford counties in the U.S. state of North Carolina. It is the principal city of the Burlington, NC Metropolitan Statistical Area, which encompasses all of Alamance County, where most of the town is located. It is a part of the Greensboro–Winston-Salem–High Point, NC Combined Statistical Area. The population was 57,303 at the 2020 census, which makes Burlington the 18th-most populous city in North Carolina. The Piedmont Triad (or simply the Triad) is a metropolitan region in the north-central part of the U.S. state of North Carolina anchored by three cities: Greensboro, Winston-Salem, and High Point. This close group of cities lies in the Piedmont geographical region of the United States and forms the basis of the Greensboro–Winston-Salem–High Point, NC Combined Statistical Area. As of 2012, the Piedmont Triad has an estimated population of 1,611,243, making it the 33rd largest combined statistical area in the United States. The metropolitan area is connected by Interstates 40, 85, 73, and 74 and is served by the Piedmont Triad International Airport. Long known as one of the primary manufacturing and transportation hubs of the southeastern United States, the Triad is also an important educational, healthcare, and cultural region and occupies a prominent place in the history of the American Civil Rights Movement. The Research Triangle, or simply The Triangle, is a common nickname for a metropolitan area in the Piedmont region of the U.S. state of North Carolina. Anchored by the cities of Raleigh and Durham and the town of Chapel Hill, the region is home to three major research universities: North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill, respectively. The "Triangle" name originated in the 1950s with the creation of Research Triangle Park, located between the three anchor cities, the largest research park in the United States and home to numerous high-tech companies. The nine-county region, officially named the Raleigh-Durham-Cary, NC, Combined Statistical Area by the Office of Management and Budget, comprises the Raleigh-Cary, Durham-Chapel Hill, and Henderson, NC, Metropolitan Statistical Areas. The 2020 census put the area's population at 2,106,463, making it the second-largest combined statistical area in North Carolina, behind Charlotte. The Raleigh–Durham television market includes a broader 24-county area, including Fayetteville, North Carolina, and has a population of 2,726,000. Most of the Triangle is part of North Carolina's first, second, fourth, ninth, and thirteenth congressional districts. The region is sometimes confused with the Piedmont Triad, a North Carolina region adjacent to and directly west of the Triangle comprising Greensboro, Winston-Salem, and High Point, among other cities..

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Highlights

  • 15+ Year Absolute NNN Lease – Stable Cash Flow Asset–Zero Landlord Responsibilities – Four (5-Year) Options To Renew
  • Corporate Guaranty (Red Lobster Intermediate Holdings LLC - 640+Units)
  • 2% Annual Rent Increases Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • High Volume Traffic Location & Visibility From University Dr With Over 35,000 VPD+
  • Adjacent to On/Off Ramps to Interstate 40 - Visible to over 120,000VPD+ | Ideal Visibility and Easy Access from Major Interstate
  • Thai Union Group (TUG) Has a Long, Successful Track Record and Significant Experience Servicing Consumers, Supermarkets, Restaurants, Hospitality, and Others
  • Densely Populated, Infill Location with Excellent Demographics – Over 72,000 People in a 5-Mile Radius
  • Average Household Income In 1 Mile Exceeds $95,000
  • Food & Alcohol Spending Exceeded $231,000,000 In 2023 Within a5-Mile Radius
  • 1.8 Miles To Cone Health Alamance Regional I 238 Bed Facility
  • 16 Miles To Greensboro, NC I 38 Miles To Durham, NC
  • Land Value Assessed: $1,262,700 I Total Value Assessed: $2,180,650

Getting around

  • 38/100

    Walk Score ®

  • 37/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Burlington, NC
  • Zip Code 27215
  • Market Winston Salem Greensboro

Points of Interest

  • Burlington

    4.99 miles

  • BJ's Gas Station

    0.20 miles

  • Tesla Supercharger

    0.42 miles

  • Shell

    0.89 miles

  • Harris Teeter Gas

    2.12 miles

  • BP

    2.61 miles

  • Valero

    2.72 miles

  • Sheetz

    2.82 miles

  • Shell

    3.06 miles

  • Shell

    3.89 miles

  • BP

    4.99 miles

  • Dog Park Parking

    1.68 miles

  • Innovation Quad Parking Lot

    2.83 miles

  • Global Parking Lot

    2.84 miles

  • Car Parking

    2.90 miles

  • City Park

    3.79 miles

  • Free Parking

    6.60 miles

  • Great Alamance Creek Paddle Access

    7.48 miles

  • Graham Paddle Access

    8.49 miles

  • Red Lobster

    0.00 miles

  • Olive Garden

    0.04 miles

  • Chick-fil-A

    0.08 miles

  • Texas Roadhouse

    0.11 miles

  • McDonald's

    0.11 miles

  • Tropical Smoothie Cafe

    0.16 miles

  • Chili's

    0.20 miles

  • Moe's Southwest Grill

    0.21 miles

  • Burger King

    0.22 miles

  • Freddy's

    0.22 miles

  • Target

    0.13 miles

  • TJ Maxx

    0.26 miles

  • Ross

    0.27 miles

  • Kohl's

    0.34 miles

  • Dillard's

    0.54 miles

  • JCPenney

    0.66 miles

  • Belk

    0.66 miles

  • Lowes Foods

    0.95 miles

  • Food Lion

    0.96 miles

  • Walmart Supercenter

    1.09 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Nick Yaldo

Encore Real Estate Investment Services