Red Robin | 15-Year Abs NNN Ground Lease | Vineland, NJ

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Red Robin located in Vineland, New Jersey.​ This 4,400 SF asset sits as an outparcel to the Cumberland Mall (6.1M visits in the last 12 months (placer.​ai) which puts it in the top 88% in all of NJ) and has been 100% occupied by Red Robin since 2015.​ The subject property benefits from signage and visibility along Rt 47 (S Delsea Drive), a major regional retail market servicing a rapidly growing and affluent South Jersey submarket.​

Red Robin executed a long-term 15-year ground lease in 2015 which includes 10% rent escalations throughout the initial term and at the beginning of each option period.​ Red Robin currently pays $132,000 with the next escalation in September 2025, bringing the NOI to $145,200 and boosting near term investor returns.​ The lease also calls for three (3), five (5) year options.​

This offering presents an excellent opportunity to acquire a stable, completely passive investment with a nationally recognized tenant in a thriving retail corridor.​

CORPORATE GUARANTEE

Ownership benefits from a corporately guaranteed ground lease. Red Robin (NASDAQ: RRGB) has over 500 locations in the United States, with 2023 revenue at $1.28B.

ZERO LANDLORD RESPONSIBILITIES

The Ground Lease requires zero landlord responsibilities, providing a fully passive, hands-off investment opportunity.

ATTRACTIVE LEASE FUNDAMENTALS

Red Robin’s 15-year lease includes 10% rent increases every five years, with the next escalation in September 2025, bringing the NOI to $145,200 and boosting near term returns while offering consistent return growth and an inflation hedge

LOCATED IN HIGH TRAFFIC RETAIL CORRIDOR

Outparcel to the 941,148 SF Cumberland Mall, which features tenants such as Dicks Sporting Goods, BJ’s, Home Depot, HomeGoods, Marshalls, Starbucks and more. Additional national tenants along Route 47 within close proximity include ALDI, Walmart, Target, Kohl’s, Lowe’s, Big Lots, Wawa, Chipotle, and more.

RECENT PROPOSED DEVELOPMENT

A new data center campus is proposed in Vineland, featuring 2.64M SF across four phases, positioning the area as an emerging and attractive investment market.

EXCELLENT VISIBILITY & REGIONAL ACCESS

The property boasts prime signage and visibility at the signalized entrance to Cumberland Mall on S. Delsea Drive/Route 47 (31,458 VPD) and direct access from Route 55 (38,617 VPD). Strategically positioned near the I-47/I-55 interchange, it is also adjacent to NJ Transit bus stops for routes 313 and 553.