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31410202
31410201

211 W. Parkcenter Blvd, Boise, ID 83706

JS
ID SP26430
TOK Commercial
Listed by TOK Commercial
$3,750,000
356 days on market
Updated 28 days ago

Red Robin - Absolute NNN leased Boise Idaho

Details
Property Type Retail
Sub Type Restaurant, Free Standing Building
Square Footage 6,155
Cap Rate 6.01%
NOI $225,496
Occupancy 100%
Tenancy Single
Brand/Tenant Red Robin
Lease Type Absolute NNN
Lease Expiration 05/30/2032
Lease Options 4, 5-year options
Year Built 1982
Year Renovated 2003
Stories 1
Acreage 1.310
Zoning MX-3
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Absolute NNN ideal 1031 exchange

Marketing description

TOK Commercial is pleased to exclusively offer the fully leased, freestanding Red Robin restaurant property for sale. This single tenant property offers a fantastic absolute NNN leased, corporate guaranteed investment opportunity. Additionally, the tenant is responsible for structural repairs.

Located at 211 West Parkcenter Boulevard in Boise, Idaho the property is prominently positioned with strong demographics as the only Red Robin in the downtown area. The property is located near BSU Campus, high traffic Broadway Avenue and surrounded by many major business parks on Parkcenter including the Albertsons corporate headquarters.

This Red Robin offering presents a tremendous opportunity for an investor or 1031 exchange buyer to achieve healthy returns with no management involvement. With some of the lowest rents across Red Robin locations nationwide, this offering ensures a stable tenancy. Rent was restructured in June 2020 for the new 12 year lease term, demonstrating the Tenant’s long term commitment to this location. Current lease term expires May 31, 2032.

Within minutes of Downtown Boise, the property offers an exceptional investment opportunity in a prime location off of Parkcenter Boulevard. Situated amidst the stunning natural beauty of Idaho, the location provides a perfect blend of urban convenience and scenic surroundings. Investors will appreciate the area's strong market potential, promising a lucrative opportunity in the heart of Boise's bustling economy.

A key investment opportunity located at 211 W. Parkcenter Blvd, Boise, ID. This 6,155 SF free standing building, originally constructed in 1982 and meticulously renovated in 2003, offers an attractive addition to any investor's portfolio. Zoned L-OD and fully occupied, this property presents a strong foundation for retail or other commercial ventures. With its strategic placement in the Boise MSA area, it provides a valuable platform for business growth and development.

Investment highlights

  • Cap Rate 6.01% with seller rent credit!
  • Fully leased, freestanding Red Robin restaurant property for sale.
  • Fantastic absolute NNN leased corporate guaranteed investment opportunity.
  • Prominently positioned with strong demographics as the only Red Robin in the downtown area.
  • No management involvement.
  • Located near BSU Campus, high traffic Broadway Avenue and surrounded by major business parks on Parkcenter including the Albertsons corporate headquarters.
  • Offering Price: $3,750,000 | (6.01% Cap Rate as of 6/1/2026)
  • Capitalization Rate: *6.01% * Seller rent credit from close of escrow to 6/1/2026, equal to 6.01% cap rate.
  • Net Operating Income: $204,996.00
  • Tenant: Red Robin International, Inc. A Nevada Corp.
  • Current Occupancy: 100%
  • Lease Term: Expires 5/31/2032 4, 5-year options
  • Rent: $204,996.00 annually
  • 10% increases each 5 year renewal
  • Tenant pays 8% of gross sales annually

Listing Contacts

JS
ID SP26430
TOK Commercial
Listed by TOK Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$225,496.00
$18,791.33/mo

Valuation Metrics

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DSCR
6.01%
Cap Rate
6.01%
ROI

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