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Red Robin Absolute NNN Lease 4300 W Walnut St 6,582 SF Retail Building Rogers, AR 72756 $5,033,334 CAD ($764.71 CAD/SF) 6.75% Cap Rate
Investment Highlights
- New 15 year Absolute NNN Lease
- Corporate Guarantee
- Adjacent to Scottsdale Center - 318,404 SF Strip Mall
- Zero Landlord Obligations
- Nearby Interstate 40 (100,000+ VPD) - Well Located Along Highly Trafficked Corridor (35,000 VPD)
- Neighboring Tenants Include: Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback, Firestone
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well established Red Robin location in Rogers, Arkansas with a new 15 year absolute NNN lease. The recently extended 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 options, and four 5-year renewal options.
The site benefits from its strategic location along W Walnut St (28,000 VPD) and near the Interstate 49 corridor (100,000+ VPD), which locals call “restaurant row” due to the concentration of popular dining and shopping options in the area.
The building sits adjacent to the Scottsdale Center, a 318,404 square foot strip mall featuring key tenants including Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, and Barnes & Noble. Other nearby tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care, and more.
The site benefits from its strategic location along W Walnut St (28,000 VPD) and near the Interstate 49 corridor (100,000+ VPD), which locals call “restaurant row” due to the concentration of popular dining and shopping options in the area.
The building sits adjacent to the Scottsdale Center, a 318,404 square foot strip mall featuring key tenants including Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, and Barnes & Noble. Other nearby tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,582 SF
Building Class
B
Year Built
2005
Price
$5,033,334 CAD
Price Per SF
$764.71 CAD
Cap Rate
6.75%
NOI
$339,750 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.70 AC
Parking
60 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
226’ on 46th St
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-18900-000 | Improvements Assessment | $349,599 CAD |
| Land Assessment | $327,219 CAD | Total Assessment | $676,817 CAD |
Property Taxes
Parcel Number
02-18900-000
Land Assessment
$327,219 CAD
Improvements Assessment
$349,599 CAD
Total Assessment
$676,817 CAD
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Red Robin Absolute NNN Lease | 4300 W Walnut St
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