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Red Robin Gourmet Burgers and Brews 2385 Sand Creek Rd 5,618 SF Retail Building Brentwood, CA 94513 $4,292,663 CAD ($764.09 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Red Robin is a Publicly Traded Company (NASDAQ: RRGB)
- Destination Retail Location - The Streets of Brentwood
- Strong Surrounding Development
- Absolute NNN Ground Lease
- Home to Top Performing National Co-Tenants
- Affluent Demographics and a Robust Housing Pipeline
EXECUTIVE SUMMARY
Colliers is pleased to exclusively offer for sale a single tenant net-leased Red Robin Gourmet Burgers & Brews located within The Streets of Brentwood – a premier ±358,700 SF open-air retail and entertainment destination located in a high growth trade area in the San Francisco MSA. The property consists of an ±5,618 SF freestanding building positioned on a ±0.92 AC parcel.
Red Robin has been operating at this location since 2009 and recently extended their lease for 5-years through 2029. The asset benefits from an Absolute NNN Ground Lease with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, BJ’s Restaurant & Brewhouse, Black Angus, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Red Robin provides investors with a stable investment opportunity for years to come.
Red Robin has been operating at this location since 2009 and recently extended their lease for 5-years through 2029. The asset benefits from an Absolute NNN Ground Lease with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, BJ’s Restaurant & Brewhouse, Black Angus, and more!
Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Red Robin provides investors with a stable investment opportunity for years to come.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,618 SF
Building Class
B
Year Built
2009
Price
$4,292,663 CAD
Price Per SF
$764.09 CAD
Cap Rate
6%
NOI
$257,615 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.96 AC
Zoning
PD-6 - Commercial
Parking
40 Spaces (7.12 Spaces per 1,000 SF Leased)
Frontage
105’ on Sand Creek Rd
AMENITIES
- Pylon Sign
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Red Robin Gourmet Burgers & Brews
- Accommodation and Food Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Red Robin Gourmet Burgers & Brews | Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 019-910-001-7 | Improvements Assessment | $3,353,588 CAD |
| Land Assessment | $1,404,350 CAD | Total Assessment | $4,757,938 CAD |
PROPERTY TAXES
Parcel Number
019-910-001-7
Land Assessment
$1,404,350 CAD
Improvements Assessment
$3,353,588 CAD
Total Assessment
$4,757,938 CAD
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Red Robin Gourmet Burgers and Brews | 2385 Sand Creek Rd
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