Listed by Kidder Mathews Seattle
$4,285,000
Red Robin - Tacoma
Details
APN 4205000101
Property Type Retail
Square Footage 6,928
Net Rentable (SqFt) 6,928
Units 1
Cap Rate 7.00%
NOI $300,000
Occupancy 100%
Tenancy Single
Brand/Tenant Red Robin
Year Built 1983
Year Renovated 2000
Stories 1
Lot Size (SqFt) 23,083
Investment Type Net Lease
Ground Lease No
Red Robin | NNN Lease | 40 Year Occupancy History | Strong Store Sales
Marketing description
Kidder Mathews is proud to offer the opportunity to acquire the Red Robin in Tacoma, Washington, prominently positioned near the Tacoma Mall which receives approximately 7,900,000+ visitors annually. Red Robin has operated at this build-to-suit location since 1983, a testament to the restaurant’s strong performance and long-standing success in the area. This opportunity features outstanding fundamental real estate, located at the main entrance to the Tacoma Mall and surrounded by popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks
Investment highlights
- Long-Term Commitment: Red Robin has occupied this build-to-suit location since 1983
- Healthy Rent to Sales Ratio: Store sales are reported monthly and this location has a healthy 7.4% rent to sales ratio
- Large Customer Base: Tacoma is the 3rd most populous city in Washington State with over 220,000 residents
- Outstanding Location: Located just off of Interstate 5 and at the main entrance to the Tacoma Mall. The property is surrounded by other popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks
- Tacoma Mall: Located next to the Tacoma Mall which receives an estimated 7,900,000 visits annually per Placer.ai
Listing Contacts
Listed by Kidder Mathews Seattle
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$300,000.00
$25,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Tax History
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