Red Robin
Absolute NNN Lease | 6.75% CAP | Annual Increases
Marketing description
This is a strong opportunity to acquire a Red Robin in St. Peters, Missouri. The absolute NNN lease has zero landlord obligations. The lease is corporately guaranteed by Red Robin. The lease includes 10% rent increases every five years and four additional five-year renewal options, creating built-in growth and long-term upside.
The property sits in a highly visible location along Mid Rivers Mall Drive, with traffic counts exceeding 31,800 vehicles per day. It also offers direct access to Interstate 70, which sees approximately 75,300 vehicles daily, giving the site strong exposure to both local traffic and regional commuters. The surrounding corridor is a well-established suburban retail area with consistent demand and strong customer flow.
The asset is positioned next to Mid Rivers Mall, a major shopping destination that attracts more than 5 million visits annually. This steady draw brings significant traffic to the immediate area and supports the tenant’s long-term performance. Strong surrounding demographics further reinforce the stability of the location and continued viability of the investment.
Investment highlights
PROPERTY HIGHLIGHTS
- New 15 Year Absolute NNN Lease
- Zero Landlord Obligations
- Corporate Guarantee
- High Traffic Location - Over 31,800 VPD and Immediate access to I-70 (75K+ VPD)
- Strong Surrounding Demographics
- Located in a Dense Retail Trade Area
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