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Red Robin | 13+yrs Remain Corp Abs NNN 1636 S Stapley Dr

6,320 SF Retail Building Mesa, AZ 85204 $3,920,000 ($620/SF) 6.25% Cap Rate

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Investment Highlights

13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
Dense Retail Corridor | Major Credit Tenants | National QSR Brands |Across From Mesa Grand Power Center (4.1M+ Annual Visits)
Strong Demographics In 5-Mile Trade Area | Phoenix MSA |Near Large Scale Multi-Family/Apartment Communities

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Direct Consumer Base | Adjacent 275K+ SF Office Center |Near On/Off Ramps of U.S. Hwy 60 (247,400 VPD)

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in Mesa, Arizona. The tenant has over 13 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.