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Red Lobster

Casual DiningPrivate

Closures continued through 2026 after the 2024 bankruptcy. Check guarantor and unit status before underwriting.

Avg cap rate (T12)
Being compiled
S&P
NR
Moody's
NR
U.S. units
~499
Typical lease
Abs. NNN; many leases reset in 2024 Ch. 11

Ratings and unit counts come from public sources (agency ratings, company filings, trade press) as of Oct 14, 2026, believed reliable but not independently verified. A rating may belong to a parent company rather than the entity that signs or guarantees the lease. Typical lease terms are general market norms, not a valuation of any property. Do your own due diligence before any purchase, sale or lease. The Red Lobster logo is a trademark of its owner, shown only to identify the tenant; no affiliation or endorsement is implied. Full disclosures

Recent headlines

  1. Sep 10, 2026
    Closing units
    Red Lobster closes dozens more restaurants in post-bankruptcy right-sizingSeafoodnews
  2. Sep 4, 2026
    Closing units
    Red Lobster Closes 160 Restaurants After BankruptcyYahoo Finance
  3. Aug 5, 2026
    Remodel / rebrand
    Red Lobster rolls out new restaurant design, plans wider refresh of locationsThe Business Journals
  4. 2026
    Closing units
    Iconic seafood chain closes dozens of locations in 2026The Takeout

Headlines are third-party reporting and link to the original publisher. Including a headline doesn't mean I or Marcus & Millichap were involved in any transaction mentioned.

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