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| Price $1,862,000 | Built/Renov 2007 | Tenant Red Robin (GL) |
| Cap Rate 7.15% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
4,402
| Lease Start
09-01-2014
| #Units
506
|
| Price/SF $422.99 | Expiration
09-01-2029
| Tenant Type Casual Dining |
| NOI $133,100 | R. Term 4.9 | Ownership Ground Lease |
| Rent/SF
$30.24
| Increases 10.0%/5/yrs | Pop 5Mi 37,539 |
| Lot/AC 2.22 | Options 3/5yrs/10% | AHHI 5Mi $87,005 |
| | |
Red Robin is strategically located on County Road 64, with access to 13,600 vehicles passing by daily. The property benefits from nearby direct on/off ramp access to Interstate 86, a major thoroughfare seeing 37,000 VPD. Additionally, it serves as an outparcel to a Walmart Supercenter, which ranks in the 96th percentile in visits nationwide, and is anchored by well-known national tenants...
...In location for years
Near major nationals
WalMart out-parcel
Freeway visibility
Strong tenant synergy
Affluent suburb location
Store sales reported
Absolute NNN
Corporate Guarantee
Publicly traded company
Red Robin Gourmet Burgers, Inc. “Red Robin” (NASDAQ: RRGB) together with its subsidiaries, primarily operates, franchises, and develops casual dining restaurants in North America famous for...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,372 | 17,163 | 36,535 |
| 2023 Total Population : | 2,419 | 17,579 | 37,438 |
| 2023 Employed Civilian Pop : | 1,036 | 8,180 | 15,984 |
| 2023 Total Businesses : | 208 | 941 | 1,553 |
| 2023 Average Household Income : | $ 113,899 | $ 89,886 | $ 84,934 |
| 2023 Total Consumer Spending : | $ 88 M | $ 608 M | $ 1143 M |
| 2023 Median Age : | 50 | 47 | 43 |
| 2023 Total Households : | 912 | 7,799 | 15,483 |
| 2023 Pop Age 25+: Bachelor's Degree : | 404 | 2,352 | 4,465 |
| 2023 Average Home Value : | $ 265,707 | $ 232,341 | $ 210,758 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Southern Tier Expressway | Corning Rd | 2021 | 36,983 | 0.08 mi |
| CR 64 | Big Flats Rd | 2021 | 14,279 | 0.11 mi |
| Southern Tier Expressway | Chambers Rd | 2021 | 36,983 | 0.19 mi |
| Commerce Center Rd | 2021 | 1,900 | 0.37 mi | |
| 2018 | 1,922 | 0.37 mi | ||
| Co Rd 64 | 2021 | 3,351 | 0.62 mi | |
| I- 86 | 2021 | 1,869 | 0.67 mi | |
| CR 64 | Co Rd 64 | 2021 | 17,966 | 0.68 mi |
| Presidential Dr | 2021 | 344 | 0.68 mi | |
| Fairfield Dr | 2021 | 3,374 | 0.71 mi |
Calumet City, IL
Cap Rate 6.50%
Lease Abs NNN
R. Term 8.70 yrs
Size/SF 7,016
Florence, KY
Cap Rate 6.50%
Lease Abs NNN
R. Term 1.10 yrs
Size/SF 7,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
