Red Lobster

Absolute NNN Lease: The property is under an absolute triple net (NNN) lease, with zero landlord responsibilities.
Long Lease Term: ±13.75 years remaining on the lease term backed by Red Lobster Corporate (545+ locations).
Annual Rent Increases: Attractive 2% annual rental increases, ensuring consistent income growth over time.
High Traffic Counts: The property boasts excellent visibility with traffic counts on W Bay Area Blvd exceeding ±37,000 vehicles per day (VPD) and close proximity to I-45, which sees ±127,000 VPD.
Major Highway Access: This major highway is a critical artery connecting Dallas to Houston, ensuring high accessibility and customer flow.
Dense Population: The surrounding area is densely populated, with approximately 82,000 residents within a 3-mile radius, 192,000 residents within a 5-mile radius, providing a substantial consumer base.
Affluent Demographics: The area boasts a high average household income, exceeding $113,000 within a 5-mile radius, indicating strong purchasing power and economic stability.
Booming Developments: Significant developments include the Sunset Amphitheater Houston, a $150 million, 34-acre, 12,500-seat amphitheater and hotel project; a planned IKEA opening in summer 2026; and the Midline Development, a master-planned community with over 2,800 homes.
Retail Synergy: The location benefits from proximity to the Baybrook Mall, a regional supermall with over 200 retailers, and other major shopping centers anchored by national credit tenants such as Costco, Target, Chick-fil-A, Olive Garden, Raising Cane’s, Starbucks, and Chipotle.
Houston Economic Strength: Houston’s thriving economy as the 5th largest MSA in the U.S. enhances the investment’s long-term potential.

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Patrick Graham