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Red Robin Absolute NNN Lease 8184 Laura Ln 4,622 SF Retail Building Champions Gate, FL 33896 $2,747,123 CAD ($594.36 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Lease: Long-term investment with zero landlord obligations
- Excellent Access and Visibility: Prime location with easy access and high visibility
- Income Tax Free State
- Corporate Guarantee: Backed by Red Robin for stability and reliability
- Just off Interstate 4: High-traffic area with great connectivity
- Surrounded by Major Retailers: Includes Panera, Miller's Ale House, Walgreens, Wendy's, Dunkin', Publix, and more, driving continuous foot traffic
Executive Summary
This is a prime opportunity to acquire a long-term, absolute NNN leased Red Robin property located in Davenport, Florida. The property is corporately guaranteed by Red Robin and operates under a lease with zero landlord obligations. The lease agreement features 10% rental increases every five years, ensuring a strong and stable income stream over the long term. Additionally, the lease includes four, five-year options to renew.
The property benefits from its strategic location on Laura Lane, just off Interstate 4, enhancing visibility and providing excellent access to a high-traffic area. Surrounded by major retailers such as Panera, Walgreens, Wendy's, Dunkin', and Publix, this location is poised for long-term growth and stability in rental income.
The building consists of 4,622 SF of retail space, offering ample room for operations. Offered at a price of $2,012,338, with a cap rate of 6.50% based on a Net Operating Income (NOI) of $130,803, this property presents an attractive long-term investment opportunity in a high-demand retail location.
The property benefits from its strategic location on Laura Lane, just off Interstate 4, enhancing visibility and providing excellent access to a high-traffic area. Surrounded by major retailers such as Panera, Walgreens, Wendy's, Dunkin', and Publix, this location is poised for long-term growth and stability in rental income.
The building consists of 4,622 SF of retail space, offering ample room for operations. Offered at a price of $2,012,338, with a cap rate of 6.50% based on a Net Operating Income (NOI) of $130,803, this property presents an attractive long-term investment opportunity in a high-demand retail location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,622 SF
Building Class
B
Year Built
2016
Price
$2,747,123 CAD
Price Per SF
$594.36 CAD
Cap Rate
6.50%
NOI
$178,563 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.49 AC
Zoning
OPD - CHAMPIONSGATE VLG PH 10-A PB 22 PG 103 LOT 1
Parking
81 Spaces (17.52 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 33-25-27-3237-0001-0010 | Improvements Assessment | $1,954,198 CAD |
| Land Assessment | $1,904,916 CAD | Total Assessment | $3,859,114 CAD |
Property Taxes
Parcel Number
33-25-27-3237-0001-0010
Land Assessment
$1,904,916 CAD
Improvements Assessment
$1,954,198 CAD
Total Assessment
$3,859,114 CAD
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Red Robin Absolute NNN Lease | 8184 Laura Ln
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