Rancho Mirage, CA - Red Robin

Description:

• Approximately 2 years remaining with 2 (5-year) option periods to extend
• Red Robin corporate signed lease
• Features approximately 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
• Features below market ground rent

• Situated as an outparcel to Monterey Market Place, a 294,000 square foot shopping center anchored by Home Depot
• Positioned adjacent to Interstate 10, a major east/west traveling highway with over 107,000 vehicles passing by daily
• Positioned just south from Desert Gateway, a 370,000 square foot shopping center anchored by Walmart Supercenter, Sam’s Club, Kohl’s, PetSmart, and more
• Directly across from Monterey Shore Plaza, a 371,000 square foot shopping center anchored by Costco Wholesale
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002RDWHYA4