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Horseheads, NY - Red Robin

$1,957,000

1720 County Rd 64, Horseheads, NY 14845

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Last Updated: 06/09/2026

6.8

Cap Rate

133,100

NOI

Details:
Cap Rate:    6.8%
NOI:    $133,100
Building Size:    4,402 sqft
Lot Area:    1.42 acres
Occupancy:    100%
Year Built:    2007
Zoning:    General Commercial
Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN, freestanding, corporate signed, Red Robin investment property located in Horseheads, New York. The tenant, Red Robin International, Inc., has over 3 years remaining on their current term, with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. There are nearly 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

The Red Robin is strategically located along County Road 64 which averages 19,800 vehicles per day. The site benefits from nearby direct on/off ramp access
to Interstate 86, a major thoroughfare averaging over 31,000 vehicles per day. The Red Robin is an outparcel to a Walmart Supercenter (95th percentile in visits nationwide) anchored center that also features national/credit tenants including Kohl’s, Petsmart, Aldi, Ulta, and Dick’s Sporting Goods. The asset benefits from close proximity to a dense retail corridor that includes Arnot Mall, a 1,057,000 SF regional mall anchored by Bath & Body Works, Old Navy, T-Mobile, Lids, American Eagle, and more. Furthermore, other nearby national/credit tenants include Sam’s, Hobby Lobby, Petco, Dollar Tree, Target, Best Buy, Rite Aid, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 36,900 residents and 24,400 employees, providing a direct consumer base from which to draw. Residents within 1-mile of the subject property boast an affluent average household income of $114,111.

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