Listed by Kidder Mathews Seattle
$4,400,000
Red Robin - Vancouver
Details
APN 160258-000
Property Type Retail
Square Footage 6,722
Net Rentable (SqFt) 7,103
Units 1
Cap Rate 6.75%
NOI $300,000
Tenancy Single
Brand/Tenant Red Robin
Lease Type NNN
Year Built 1985
Stories 1
Lot Size (SqFt) 71,028
Investment Type Net Lease
Ground Lease No
Red Robin in Vancouver, WA | NNN Lease | 40 Year Occupancy History | Strong Store Sales
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire the Red Robin in Vancouver, WA located on superb outparcel real estate to the Vancouver Mall which receives approximately 6,600,000+ visitors annually. Red Robin has occupied the property since 1985 underlining the restaurant's strong performance and commitment to this site.
The establishment has consistently generated robust sales, making it an attractive and reliable investment. This property offers a unique opportunity to invest in a high-performing, long-term leased asset in desirable Washington State.
Investment highlights
- 40+ Year Operating History: Red Robin has occupied this build-to-suit location since 1985
- Vancouver is the 4th most populous city in Washington State with approximately 205,000 residents
- Low Rent to Sales Ratio: This location has a very healthy 5.5% rent to sales ratio
- Top Red Robin Location: Per Placer.ai this location ranks in the 96% percentile nationwide and 85% percentile in WA State compared with all Red Robin locations
- A+ Real Estate: Located at the signalized, hard corner to the main entrance of the Vancouver Mall which receives approximately 6,600,000+ visits annually
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
6.82%
Cap Rate
6.82%
ROI
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