Restaurant

Red Robin Ground Lease | 11+ Years Remaining | Income Tax Free State

2800 E Central Texas Expy, Killeen, TX 76543

Listing Price: $2,987,000

Cap Rate
5.70%
Tenant Name
Red Robin
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
7,247
Lease Type
Ground Lease
Rent Per Square Feet
$23.50

Investment Overview

The Sulo Group at Marcus & Millichap is pleased to present a Red Robin in Killeen, TX.

Investment Highlights

  • Absolute NNN Ground Lease: Zero Landlord Responsibilities
  • Corporate Guarantee from Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
  • Income Tax Free State
  • Recently Extended Lease - 11 Plus Years Remaining
  • Excellent Visibility along US Hwy 90 and E Central Texas Expy with Combined Traffic Counts of 200,000 Vehicles per Day
  • Located in Dense Retail Corridor Across from Killeen Mall: 557,418-Square Foot Shopping Mall with 100 Stores

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Restaurant

Red Robin Ground Lease | 11+ Years Remaining | Income Tax Free State

Listing Price: $2,987,000

Cap Rate
5.70%
Tenant Name
Red Robin
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
7,247
Lease Type
Ground Lease
Rent Per Square Feet
$23.50

Investment Highlights

  • Absolute NNN Ground Lease: Zero Landlord Responsibilities
  • Corporate Guarantee from Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
  • Income Tax Free State
  • Recently Extended Lease - 11 Plus Years Remaining
  • Excellent Visibility along US Hwy 90 and E Central Texas Expy with Combined Traffic Counts of 200,000 Vehicles per Day
  • Located in Dense Retail Corridor Across from Killeen Mall: 557,418-Square Foot Shopping Mall with 100 Stores

Investment Overview

The Sulo Group at Marcus & Millichap is pleased to present a Red Robin in Killeen, TX.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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