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Red Robin 3901 S Steele St 6,928 SF Retail Building Tacoma, WA 98409 $4,400,000 ($635.10/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Red Robin has occupied this build-to-suit location since 1983
- Located next to the Tacoma Mall which receives an estimated 7,900,000 visits annually per Placer.ai
- Store sales are reported monthly and this location has a healthy 7.4% rent to sales ratio
- The property is surrounded by other popular national retailers such as Chickfil- A, REI, Buffalo Wild Wings and Starbucks.
EXECUTIVE SUMMARY
Kidder Mathews is proud to offer the opportunity to acquire the Red Robin in Tacoma, Washington, prominently positioned near the Tacoma Mall which receives approximately 7,900,000+ visitors annually. Red Robin has operated at this build-to-suit location since 1983, a testament to the restaurant’s strong performance and long-standing success in the area. This opportunity features outstanding fundamental real estate, located at the main entrance to the Tacoma Mall and surrounded by popular national retailers such as Chick-fil-A, REI, Buffalo Wild Wings and Starbucks.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,928 SF
Building Class
C
Year Built
1983
Price
$4,400,000
Price Per SF
$635.10
Cap Rate
6.75%
NOI
$297,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
TACO
Parking
65 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 420500-0101 | Improvements Assessment | $1,060,500 |
| Land Assessment | $1,052,800 | Total Assessment | $2,113,300 |
PROPERTY TAXES
Parcel Number
420500-0101
Land Assessment
$1,052,800
Improvements Assessment
$1,060,500
Total Assessment
$2,113,300
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Red Robin | 3901 S Steele St
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