Investment Overview

Marcus & Millichap’s Brown Retail Group is pleased to exclusively present for sale an Absolute Net Red Robin Gourmet Burgers & Brews located in Boise, ID. The property features over 6.5 years of remaining lease term with four, five-year renewal options, offering investors long-term, passive income. It is strategically located directly across from Boise Town Center which receives over 7.8 million annual visitors, according to Placer.ai. The surrounding trade area includes numerous national retailers including Target, REI, Macy’s, Nordstrom Rack, Best Buy, Apple, and Dick’s Sporting Goods. The property operates under an absolute net lease, eliminating all landlord responsibilities and ensuring a truly passive investment. It is corporately guaranteed by Red Robin International, Inc., a wholly owned subsidiary of Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), which operates nearly 500 locations nationwide and reported revenues exceeding $1.25 billion in 2024. The lease includes rare 2.5% annual rent increases during the option periods, providing a built-in hedge against inflation. The property sits at the signalized hard-corner intersection of N Milwaukee St and Westpark St/Steelhead Way, with combined traffic counts exceeding 32,000 vehicles per day, offering excellent visibility and convenient access. Red Robin has operated successfully at this location since 2002, featuring 23 years of consistent performance and tenant commitment. The surrounding submarket has experienced over 6% population growth since 2020, now exceeding 253,000 residents within a five-mile radius, with an additional 13% growth projected over the next five years.The Boise MSA continues to rank among the fastest-growing markets in the US, with a nearly 25% population increase from 2014 to 2024. Idaho’s overall population has grown nearly 20% during that time, with much of that expansion concentrated in the Treasure Valley (Boise MSA), further supporting the long-term viability of this investment.