Brand New 15 Year Absolute NNN Leased Red Robin
Brand New 15 Yr Absolute NNN Lease | 6.50% CAP | Highly Trafficked Corridor | Nearby I-40 100K VPD
Marketing description
The Kase Group is pleased to present the opportunity to purchase well established Red Robin location in Rogers, Arkansas with a new 15 year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5- year renewal options. The site benefits from its strategic location along W Walnut St (28,000 VPD) and nearby the Interstate 49 corridor (100,000+ VPD), which locals call "restaurant row" due to the popularity of dining and shopping options in the area. The building sits adjacent to the Scottsdale Center, a 318,404 square feet strip mall featuring key tenants that include Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, Dollar Tree and Barnes & Noble. Other neighboring tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care & more.
Investment highlights
New 15 year absolute NNN lease
Zero landlord obligations
Corporate guarantee
Well located along highly trafficked corridor (35,000 VPD)
Nearby Interstate 40 (100,000+ VPD)
Adjacent to Scottsdale Center - 318,404 SF strip mall
Neighboring tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care & more
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