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4300 W Walnut StRogers, AR 72756
Red Robin
Asset ClassRetail
Deal Size$4 M
Cap Rate: 6.25%Access Data Room
New 15 Year Absolute NNN Lease
overview of deal

Overview

The Kase Group is pleased to present the opportunity to purchase well established Red Robin location in Rogers, Arkansas with a new 15 year absolute NNN lease. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5-year renewal options. The site benefits from its strategic location along W Walnut St (28,000 VPD) and nearby the Interstate 49 corridor (100,000+ VPD), which locals call "restaurant row" due to the popularity of dining and shopping options in the area. The building sits adjacent to the Scottsdale Center, a 318,404 square feet strip mall featuring key tenants that include Belk, Ross Dress for Less, Dollar Tree, Staples, Petco, Dollar Tree and Barnes & Noble. Other neighboring tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care & more.

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Investment Highlights

New 15 year absolute NNN lease

Zero landlord obligations

Corporate guarantee

Well located along highly trafficked corridor (35,000 VPD)

Nearby Interstate 40 (100,000+ VPD)

Adjacent to Scottsdale Center - 318,404 SF strip mall

Neighboring tenants include Big Lots, Marshalls & HomeGoods, Bealls, Chick-fil-A, Office Depot, Sonic Drive-In, AT&T Store, IHOP, Outback Steakhouse, Firestone Complete Auto Care & more

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4300 W Walnut StRogers, AR 72756

Sales Team

Kase AbusharkhFounding Principal

License #: TX: 708586

(925) 348-1844kase@thekasegroup.com
Jacob AbusharkhManaging Principal

License #: CA DRE: 01385529

(650) 315-2112jacob@thekasegroup.com
Scott ReidParaSell, Inc. - Broker

License #: AR #PB00078916

949.942.6585scott@parasellinc.com
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Listing provided by Revere CRE