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600 Cooper Point Rd SW
Olympia, WA 98502
Red Robin · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Red Robin has maintained continual operations at this site for more than three decades
- #5 restaurant location in Washington State and is within the top 4% of Red Robin restaurants nationwide in terms of total visits (Placer.ai)
- Situated at Capital Mall, the region’s preeminent shopping, dining, and entertainment destination
- Features 5 years of remaining term with zero landlord responsibilities, providing truly passive, predictable income to ownership
- Red Robin is a nationally recognized casual dining brand with a proven history of sales performance and operational stability
- Prominent free-standing building with high traffic exposure and multiple access points via Capital Mall Drive and the surrounding retail corridor
EXECUTIVE SUMMARY
Presenting the opportunity to acquire a long-standing, free-standing single tenant, Red Robin, ideally situated at Capital Mall in Olympia, WA. This prime free-standing net lease property is located within the area’s leading regional shopping destination, benefitting from robust consumer traffic and strong retail synergy. Red Robin has successfully operated at this location for over 30 years, highlighting the location’s enduring appeal and track record of performance. The property is secured by an absolute NNN lease with 5 years of term remaining, offering stable, passive income with zero landlord responsibilities. The offering delivers the ultimate blend of stable, management-free income and prime location within Olympia’s dominant retail district, offering excellent downside protection and long-term value to investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,200 SF
Building Class
B
Year Built
1994
Price
$4,070,000
Price Per SF
$565.28
Cap Rate
6.75%
NOI
$274,725
Tenancy
Single
Building Height
1 Story
Zoning
HDC-4
Frontage
115’ on Cooper Point Rd SW
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 12816430300 | Improvements Assessment | $47,249,200 |
| Land Assessment | $24,505,500 | Total Assessment | $71,754,700 |
PROPERTY TAXES
Parcel Number
12816430300
Land Assessment
$24,505,500
Improvements Assessment
$47,249,200
Total Assessment
$71,754,700
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