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Red Robin | Outparcel to Home Depot 72797 Dinah Shore Dr 6,600 SF Retail Building Rancho Mirage, CA 92270 $2,300,000 ($348.48/SF) 4.35% Cap Rate
Investment Highlights
- 2 Years Remaining | Corporate Signed Ground Lease |Below Market Rent
- Outparcel to Home Depot Anchored Center | I-10 (107,000 VPD) | Across From Monterey Shore Plaza (Costco Wholesale Anchored)
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• Red Robin corporate signed lease
• Features approximately 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Features below market ground rent
Property Facts
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
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99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 685-070-007 | Improvements Assessment | $1,361,160 |
| Land Assessment | $2,446,747 | Total Assessment | $3,807,907 |
Property Taxes
Presented by
Red Robin | Outparcel to Home Depot | 72797 Dinah Shore Dr
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