The Kase Group is pleased to present the opportunity to purchase a well-established Red Robin location in Abilene, Texas, with a long term absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% rent increases every five years throughout the initial term and option periods, along with four five-year renewal options.The building is situated as an outparcel to the Shops at Abilene, a dominant regional power center anchored by Ross, PetSmart, Old Navy, and TJ Maxx.
The asset benefits from strong traffic counts, including 21,838 vehicles per day along Catclaw Drive, 24,270 vehicles per day along Southwest Drive, and over 59,000 vehicles per day along nearby U.S. Route 83. The property is located six miles from Dyess Air Force Base and ten miles from Downtown Abilene. Surrounding tenants include The Home Depot, Walmart Supercenter, Burlington, Dollar Tree, Five Below, Wendy’s, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny’s, and others.
New 15 year absolute NNN lease
Zero landlord obligations
Corporate guarantee
Tax free income state
Prime location within Abilene's main retail corridor
Outparcel to The Shops at Abilene
Heavy traffic counts - 105,108 VPD from combined nearby roads
6 Miles from Dyess Air Force Base
10 Miles from Downtown Abilene
Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny's and more