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Tenant Profiles

Red Lobster

B+E > B+E INSIGHTS > Tenant Profiles > Red Lobster
05/08/2026 By B+E

Red Lobster

www.redlobster.com

8
Number on Market

$3.9M
Average Price

15.8
Average Remaining Term (Years)

6.77%
Average Cap Rate

Red Lobster Tenant Overview

Red Lobster, an American casual dining restaurant primarily focused on seafood, holds a prominent position in the culinary landscape. Founded in 1968 by Bill Darden, the brand has experienced remarkable growth and now boasts a widespread presence from coast-to-coast. Red Lobster’s menu showcases a diverse selection of delectable seafood offerings, ranging from succulent lobsters and tantalizing shrimp to flavorful crabs and mollusks. A particular highlight is the preparation of fresh Maine lobster by certified grill masters on their signature wood-fire grills, ensuring a mouthwatering dining experience for patrons. 

Beyond its delectable cuisine, Red Lobster is deeply committed to sustainability and responsible sourcing of seafood. The restaurant goes to great lengths to ensure that its seafood is 100% traceable and originates from suppliers that adhere to stringent regulatory measures aimed at managing fish populations responsibly. 

Recently, Red Lobster exited Chapter 11 bankruptcy and completed its acquisition by RL Investor Holdings, LLC.

red lobster

Tenant Data:

Company Red Lobster, Inc.
Parent CompanyDarden Restaurants, Inc.
OwnershipPrivate
Headquarters Orlando, FL
TickerNYSE: DRI
Credit RatingCaa1 (Moody’s)
Locations (North America)± 545
Websitewww.redlobster.com
Average Red Lobster Info
Number on Market8
Average Price$3,980,911
Average Remaining Term15.8 Years
Average Cap Rate6.77%
Average NOI$258,848
Average PPSF$535
Average Building SF7,419 SF
Average Lot Size1.46 AC
AS OF 05/05/26

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