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Red Robin | 13+yrs Remain Corp Abs NNN 317 Mid Rivers Mall Dr

6,621 SF Retail Building Saint Peters, MO 63376 $4,214,040 CAD ($636 CAD/SF) 6.50% Cap Rate

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Investment Highlights

13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
Near Mid Rivers Mall (5M+ Annual Visits) | Dense Retail Corridor | National QSR Tenants
Strong Demographics In 5-Mile Trade Area | Affluent Community |Near Large Scale Apartment Complexes | Direct Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Excellent Visibility & Access Along 31,800 VPD Thoroughfare | Accessible Via Interstate 70 (75,300) | St. Louis MSA

Executive Summary

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in St. Peters, Missouri. The tenant has over 13 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,621 SF

Building Class

Year Built

2003

Price

$4,214,040 CAD

Price Per SF

$636 CAD

Cap Rate

6.50%

NOI

$273,913 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Land Acres

1.87 AC

Zoning

C-2 - Commercial

Parking

188 Spaces (28.39 Spaces per 1,000 SF Leased)

Amenities

Dedicated Turn Lane

Freeway Visibility

Restaurant

Signage

Accommodation and Food Services
99,999 SF
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Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. Red Robin Gourmet Burgers, Inc. believes nothing brings people together like burgers and fun around their table, and no one makes moments of connection over crave-able food more memorable than Red Robin. They serve a variety of burgers and mainstream favorites to Guests of all ages in a casual, playful atmosphere. In addition to their many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos® pizza at select locations. It's now easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering. There are Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.