NATIONAL CREDIT TENANT – Red Robin is a publicly traded company (NASDAQ: RRGB).
GROUND LEASE – Red Robin constructed all improvements at its expense and retains ownership during the lease, with improvements reverting to the landowner in case of default or lease expiration.
LOCATION – Located within a popular retail hub with several national retailers.
NEARBY DEVELOPEMENTS – The property is near a large development and shopping/dining spaces, adding further appeal to the area.
MARKET RENT & POTENTIAL UPSIDE – The current ground rent is below market value, presenting significant future upside as market rent for the property is considerably higher than the current lease rate.