211 W Parkcenter Blvd 6,155 SF Retail Building Boise, ID 83706 $5,391,750 CAD ($876.00 CAD/SF) 5.78% Cap Rate

TOK Commercial is pleased to exclusively offer the fully leased, freestanding Red Robin restaurant property for sale. This single tenant property offers a fantastic absolute NNN leased, corporate guaranteed investment opportunity. Additionally, the tenant is responsible for structural repairs. Located at 211 West Parkcenter Boulevard in Boise, Idaho the property is prominently positioned with strong demographics as the only Red Robin in the downtown area. The property is located near BSU Campus, high traffic Broadway Avenue and surrounded by many major business parks on Parkcenter including the Albertsons corporate headquarters. This Red Robin offering presents a tremendous opportunity for an investor or 1031 exchange buyer to achieve healthy returns with no management involvement. With some of the lowest rents across Red Robin locations nationwide, this offering ensures a stable tenancy. Rent was restructured in June 2020 for the new 12-year lease term, demonstrating the Tenant’s long-term commitment to this location. Current lease term expires May 31, 2032. The property has a 5.26% cap rate with seller rent credit.