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8311 NE Vancouver Mall Dr 7,103 SF Retail Building Vancouver, WA 98662 $6,002,656 CAD ($845.09 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Red Robin has occupied this build-to-suit location since 1985
- This location has a very healthy 5.5% rent to sales ratio
- Located at the signalized, hard corner to the main entrance of the Vancouver Mall which receives approximately 6,600,000+ visits annually
- Vancouver is the 4th most populous city in Washington State with approximately 205,000 residents
- Per Placer.ai this location ranks in the 96% percentile nationwide and 85% percentile in WA State compared with all Red Robin locations
Executive Summary
Kidder Mathews is pleased to present the opportunity to acquire the Red Robin in Vancouver, WA located on superb outparcel real estate to the Vancouver Mall which receives approximately 6,600,000+ visitors annually. Red Robin has occupied the property since 1985 underlining the restaurant's strong performance and commitment to this site.
The establishment has consistently generated robust sales, making it an attractive and reliable investment. This property offers a unique opportunity to invest in a high-performing, long-term leased asset in desirable Washington State, an income tax free state.
The establishment has consistently generated robust sales, making it an attractive and reliable investment. This property offers a unique opportunity to invest in a high-performing, long-term leased asset in desirable Washington State, an income tax free state.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
7,103 SF
Building Class
C
Year Built
1985
Price
$6,002,656 CAD
Price Per SF
$845.09 CAD
Cap Rate
6.75%
NOI
$405,179 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.63 AC
Zoning
CG - Commercial General
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 160258-000 | Improvements Assessment | $2,519,910 CAD |
| Land Assessment | $1,868,280 CAD | Total Assessment | $4,388,190 CAD |
Property Taxes
Parcel Number
160258-000
Land Assessment
$1,868,280 CAD
Improvements Assessment
$2,519,910 CAD
Total Assessment
$4,388,190 CAD
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8311 NE Vancouver Mall Dr
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