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Red Robin Absolute NNN Lease 13000 N Interstate H35 6,284 SF Retail Building Austin, TX 78753 $3,013,893 CAD ($479.61 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New 15-year Absolute NNN Lease
- Corporate Guarantee
- Shadow Anchored by a Walmart Supercenter
- Zero Landlord Obligations
- Income Tax Free State
- Heavy Interstate 35 Traffic Counts – 170,210 VPD - 12 Miles from Downtown Austin
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well-established Red Robin in Austin, Texas with a new 15-year absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and during the four 5-year options. The site benefits from its location in a busy retail trade area and boasts heavy traffic counts of 170,210 vehicles per day.
The building is shadow anchored by a Walmart Supercenter and neighbors multiple tenants such as Lowe's Home Improvement, PetSmart, Ross Dress for Less, Wells Fargo, Golden Corral, Buffalo Wild Wings, McDonald's, Panera Bread, Denny's, Dollar Tree, Supercuts and more.
The building is shadow anchored by a Walmart Supercenter and neighbors multiple tenants such as Lowe's Home Improvement, PetSmart, Ross Dress for Less, Wells Fargo, Golden Corral, Buffalo Wild Wings, McDonald's, Panera Bread, Denny's, Dollar Tree, Supercuts and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,284 SF
Building Class
B
Year Built
2005
Price
$3,013,893 CAD
Price Per SF
$479.61 CAD
Cap Rate
6.50%
NOI
$195,903 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.38 AC
Zoning
GR-CO Comm Commer - Commercial
Parking
103 Spaces (16.39 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
Nearby Major Retailers
Property Taxes
| Parcel Number | 548503 | Improvements Assessment | $4,413,509 CAD |
| Land Assessment | $1,631,835 CAD | Total Assessment | $6,045,344 CAD |
Property Taxes
Parcel Number
548503
Land Assessment
$1,631,835 CAD
Improvements Assessment
$4,413,509 CAD
Total Assessment
$6,045,344 CAD
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Red Robin Absolute NNN Lease | 13000 N Interstate H35
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