Red Robin - Albuquerque, NM
Red Robin - Albuquerque, NM | 72,000+ VPD | Mall Outparcel | 24+ Year Operating History | ABS NNN
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,157 SF Red Robin located at 10009 Coors Blvd NW in Albuquerque, NM. This deal includes 6+ years remaining on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities and 10% rent increases every 5 years, providing a healthy hedge against inflation (next increase – June 2026) and offering a secured investment.
Investment highlights
Lease Term: 6+ years remaining on an Absolute Triple Net (NNN) lease with zero landlord responsibilities and a proven 24+ year occupancy history.
Rent Increases: 10% rent increases every 5 years, providing a strong hedge against inflation (next increase: June 2026).
Tenant: Corporately guaranteed by Red Robin Gourmet Burgers and Brews (NASDAQ: RRGB), operating 500+ locations nationwide with $1.28B in 2023 revenue.
Demographics: Population exceeds 191,301 with an average household income of $108,454+ within a 5-mile radius.
Retail Positioning: Strategically located as an outparcel to Cottonwood Mall, the second-largest mall in New Mexico (1,041,680 SF), driving significant daily traffic.
Traffic Counts: Positioned directly off Coors Blvd NW with traffic counts exceeding 72,000 vehicles per day.
Nearby School: Adjacent to the sixth-largest high school in New Mexico, with 1,752 students.
Market Overview: Albuquerque is the most populous city in New Mexico.
Surrounding Retailers: Nearby national tenants include Costco, Hobby Lobby, Dillard’s, The Home Depot, Walmart Supercenter, Buffalo Wild Wings, Outback Steakhouse, Chili’s, BJ’s Brewhouse, Texas Roadhouse, LongHorn Steakhouse, Popeyes, Taco Cabana, Starbucks, Tropical Smoothie Cafe, and more.
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