STNL Red Robin Gourmet Burgers & Brews

Highlights:

• Red Robin is a Publicly Traded Company (NASDAQ: RRGB)
• Absolute NNN Ground Lease
• Destination Retail Location - The Streets of Brentwood
• Home to Top Performing National Co-Tenants
• Strong Surrounding Development
• Affluent Demographics and a Robust Housing Pipeline

Description:

Colliers is pleased to exclusively offer for sale a single tenant net-leased Red Robin Gourmet Burgers & Brews located within The Streets of Brentwood – a premier ±358,700 SF open-air retail and entertainment destination located in a high growth trade area in the San Francisco MSA. The property consists of an ±5,618 SF freestanding building positioned on a ±0.92 AC parcel.

Red Robin has been operating at this location since 2009 and recently extended their lease for 5-years through 2029. The asset benefits from an Absolute NNN Ground Lease with zero landlord responsibilities and 10% rent increases every five years, including options, along with frontage on Sand Creek Rd., just off State Route 4 with combined traffic counts in excess of ±86,558 VPD. The Streets of Brentwood is a top-ranked center that offers ample parking and attracts 4.4 million annual visits, with notable anchors and national co-tenants such as Sprouts, AMC Theatre, Barnes & Noble, DSW, Ulta, Bath & Body Works, BJ’s Restaurant & Brewhouse, Black Angus, and more!

Adjacent to the site, there are several notable developments under construction, including a 4-story hotel, Sutter Health Medical, and Dutch Bros Coffee. The Sand Creek Road extension will provide direct access to the center for the affluent and fast-growing city of Antioch – further growing the property’s customer base. With the surrounding trade area growth and adjacent development, this Red Robin provides investors with a stable investment opportunity for years to come.

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