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- LoopNet Team
18999 Bear Valley Rd
Apple Valley, CA 92308
Red Robin - Absolute NNN Corporate Lease · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 18999 BEAR VALLEY RD , APPLE VALLEY, CA 92308
- Corporate lease by Red Robin International, Inc.; Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain that operates through its wholly owned subsidiary, Red Robin International, Inc. under the trade name Red Robin Gourmet Burgers and Brews. As of December 2016, it operated 551 Red Robin restaurants in 44 states and two Canadian provinces. - Absolute NNN ground lease (Ownership: Land), No landlord responsibilities. Perfect for 1031 exchange /out of state investor. - Superior location; located at the entrance to the Jess Ranch Marketplace, dominant power center in the region anchored by Cinemark, Target, WinCo Foods, Best Buy, Bed Bath & Beyond, PetSmart, 99 Cent Only Stores, Burlington Coat Factory, Kirkland’s, Dress Barn, Big 5 Sporting Goods, Staples, etc. - Extremely busy and popular restaurant. Check it out !!! - Tenant improved interior and exterior in 2015; shows tenant’s strong commitment to this location. - Lease Term: 1/8/2009 ~ 1/31/2024 + 3 x 5 Years Option to Renew - Rent Increase: 10% every five years - NOI: $ 175,450 - Cap Rate: 5.10 %
PROPERTY TAXES
| Parcel Number | 0399-271-02 | Improvements Assessment | $2,454,142 |
| Land Assessment | $1,160,141 | Total Assessment | $3,614,283 |
PROPERTY TAXES
