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Red Robin 1720 County Rd 64 4,402 SF Retail Building Horseheads, NY 14845 $2,731,522 CAD ($620.52 CAD/SF) 6.80% Cap Rate

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Investment Highlights

Over 3 Years Remaining | Scheduled Rental Increases | Corporate Signed | Established Brand | Healthy Sales
Outparcel to Walmart Supercenter Anchored Center | Arnot Mall (1,057,000 SF) | Strong National/Credit Tenant Presence
Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

NNN Ground Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
Along County Road 64 (19,800 VPD) | Interstate 86 (31,000 VPD) | Excellent Visibility

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, freestanding, corporate signed, Red Robin investment property located in Horseheads, New York. The tenant, Red Robin International, Inc., has over 3 years remaining on their current term, with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. There are nearly 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.