Log In/Sign Up
Your email has been sent.
3901 S Steele St
Tacoma, WA 98409
Red Robin - Tacoma · Retail Property For Sale
Investment Highlights
- Red Robin has occupied this build-to-suit location since 1983
- Tacoma is the 3rd most populous city in Washington State with over 220,000 residents
- Located next to the Tacoma Mall which receives an estimated 7,900,000 visits annually per Placer.ai
- Store sales are reported monthly and this location has a healthy 7.4% rent to sales ratio
- The property is surrounded by other popular national retailers such as Chick fil-A, REI, Buffalo Wild Wings and Starbucks
Executive Summary
Kidder Mathews is proud to offer the opportunity to acquire the Red Robin in Tacoma, Washington, prominently positioned near the Tacoma Mall which receives approximately 7,900,000+ visitors annually.
Red Robin has operated at this build-to-suit location since 1983, a testament to the restaurant’s strong performance and long-standing success in the area. This opportunity features outstanding fundamental real estate, located at the main entrance to the Tacoma Mall and surrounded by popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks.
Red Robin has operated at this build-to-suit location since 1983, a testament to the restaurant’s strong performance and long-standing success in the area. This opportunity features outstanding fundamental real estate, located at the main entrance to the Tacoma Mall and surrounded by popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,928 SF
Building Class
C
Year Built
1983
Price
$6,392,375 CAD
Price Per SF
$922.69 CAD
Cap Rate
6.50%
NOI
$415,539 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
UCX
Parking
65 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 420500-0101 | Improvements Assessment | $1,841,807 CAD |
| Land Assessment | $1,458,265 CAD | Total Assessment | $3,300,072 CAD |
Property Taxes
Parcel Number
420500-0101
Land Assessment
$1,458,265 CAD
Improvements Assessment
$1,841,807 CAD
Total Assessment
$3,300,072 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
