Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Red Lobster, (the “Property”) in Hanover, PA, a borough in York County. Red Lobster operates on a fee simple NNN lease with just over twenty (20+) years of term and three (3), five (5) year options remaining. The NNN lease is corporately guaranteed by Red Lobster Intermediate Holdings LLC and allows for hands-free ownership. The lease features two percent (2%) annual rental increases. The Red Lobster benefits from excellent visibility as it is situated at the western corner entrance to the Walmart Supercenter and Giant-anchored Hanover Crossing Shopping Center, which is located off W Eisenhower Dr (15,480 VPD) and consists of several national retail tenants. The demographics within the surrounding five (5) mile radius of the property have seen substantial growth, as the population and number of households have increased by an average of over 11% since 2010. Both the population and number of households are projected to continue their growth through 2027. Hanover is located in close proximity to multiple major cities of the Northeast including Baltimore (54 miles), Washington, DC (62 miles), and Philadelphia (97 miles). In 2020 the Thai Union Group bought Red Lobster, the world’s largest seafood restaurant company. Thai Union Group, who previously owned 25% of Red Lobster, purchased former majority owner Golden Gate Capital’s remaining equity stake, alongside an investor group consisting of restauranteurs, hospitality industry executives, and Red Lobster management. In 2021, Red Lobster was recognized on Forbes’ list of America’s Best Large Employers and today, the company has over 700 locations.