Red Robin New 15 Year Absolute NNN Lease | Abilene, TX

Highlights:

• 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

Description:

The Kase Group is pleased to present the opportunity to purchase well established Red Robin location in Abilene, Texas 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 building sits outparcel to the Shops at Abilene, a dominant regional power center anchored by Ross, PetSmart, Old Navy and TJ Maxx. The asset benefits from nearby traffic counts of 21,838 VPD along Catclaw Dr, 24,270 VPD along Southwest Dr and nearby U.S. Route 83, which carries over 59,000 VPD. The location is 6 miles from Dyess Air Force Base and 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.

LOCATION DESCRIPTION
The City of Abilene, Texas is located approximately 180 miles west of the Dallas/Fort Worth Metroplex, near the geographic center of the state. Conveniently connected east-west by Interstate Highway 20, and north-south by U.S. highways 83, 84, and 277, Abilene is the center of a 22-county area commonly referred to as the Big Country.

Abilene serves as the county seat for Taylor County, one of 254 counties in Texas. Taylor County has a current population of about 136,000; 120,373 of which live within the Abilene city limits.

Abilene was established in March 1881, upon the completion of the Texas and Pacific Railroad. Abilene's civic progressiveness and logistic function as a regional center for distribution, commerce, industry, transportation, and education provide an assortment of lodging, dining, cultural, and retail opportunities typically found only in much larger cities.

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