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Red Robin New 15 Year Absolute NNN Lease 4300 W Walnut St 6,582 SF Retail Building Rogers, AR 72756 $4,000,000 ($607.72/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15 year absolute NNN lease
- Corporate guarantee
- Adjacent to Scottsdale Center - 318,404 SF strip mall
- Zero landlord obligations
- Well located along highly trafficked corridor (35,000 VPD)
EXECUTIVE SUMMARY
The Kase Group is pleased to present the opportunity to purchase well
established Red Robin location in Rogers, Arkansas with a new 15 year
absolute NNN lease. The recently extended lease calls for zero landlord
obligations and is corporately guaranteed by Red Robin. There are 10%
increases every 5 years throughout the initial term and options, and four 5-
year renewal options. The site benefits from its strategic location along W
Walnut St (28,000 VPD) and nearby the Interstate 49 corridor (100,000+ VPD),
which locals call "restaurant row" due to the popularity of dining and
shopping options in the area. The building sits adjacent to the Scottsdale
Center, a 318,404 square feet strip mall featuring key tenants that include
Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, Dollar Tree and Barnes
& Noble. Other neighboring tenants include Big Lots, Marshalls &
HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store,
IHOP, Outback Steakhouse, Firestone Complete Auto Care & more.
established Red Robin location in Rogers, Arkansas with a new 15 year
absolute NNN lease. The recently extended lease calls for zero landlord
obligations and is corporately guaranteed by Red Robin. There are 10%
increases every 5 years throughout the initial term and options, and four 5-
year renewal options. The site benefits from its strategic location along W
Walnut St (28,000 VPD) and nearby the Interstate 49 corridor (100,000+ VPD),
which locals call "restaurant row" due to the popularity of dining and
shopping options in the area. The building sits adjacent to the Scottsdale
Center, a 318,404 square feet strip mall featuring key tenants that include
Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, Dollar Tree and Barnes
& Noble. Other neighboring tenants include Big Lots, Marshalls &
HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store,
IHOP, Outback Steakhouse, Firestone Complete Auto Care & more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,582 SF
Building Class
B
Year Built
2005
Price
$4,000,000
Price Per SF
$607.72
Cap Rate
6.25%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.71 AC
Parking
60 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
226’ on 46th St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-18900-000 | Improvements Assessment | $257,247 |
| Land Assessment | $240,779 | Total Assessment | $498,026 |
PROPERTY TAXES
Parcel Number
02-18900-000
Land Assessment
$240,779
Improvements Assessment
$257,247
Total Assessment
$498,026
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Red Robin New 15 Year Absolute NNN Lease | 4300 W Walnut St
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