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Red Robin 16233 83rd Ave 6,324 SF Retail Building Peoria, AZ 85382 $4,454,000 ($704.30/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities, exp. February 2039
- 172,980 VPD at signalized corner of N 83rd Ave & W Paradise Ln
- Across from Peoria Sports Complex attracting 212k+ annual visitors
- Guarantor: Red Robin International, Inc. with 10% increases every 5 years
- Adjacent to Arrowhead Towne Center drawing 10M+ annual visitors
- Over 2M+ SF of retail within a 1-mile radius in ultra-dense corridor
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
BR715518000, CO701910000 (AZ)
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 (866) 889-0550
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Property Manager on Site
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Apr 2039
Red Robin Gourmet Burgers began in 1969 and has grown from a burger-focused restaurant concept into a casual dining chain under the Red Robin Gourmet Burgers and Brews brand. The company serves gourmet burgers alongside salads, appetizers, entrees, desserts, signature beverages, and beer, with Donatos Pizza available at select locations. Red Robin also supports off-premise dining through online ordering for to-go, delivery, and catering, reflecting a broader mix of dine-in and convenience-focused services. Today, the business operates a broad restaurant network across the United States and Canada and continues to center its menu and guest experience around burgers, brews, and family-friendly casual dining.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Apr 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 200-53-028H | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $357,995 |
Property Taxes
Contact the Sale Advisor
Red Robin | 16233 83rd Ave