Boise, ID - Red Robin

Description:

NAI Select is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Red Robin investment property located in Boise, ID. The tenant, Red Robin International, Inc., recently extended their lease to a new 12-year term during COVID-19 with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in June 2026 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities.

The subject property is strategically located along W. Parkcenter Blvd, an east/west retail and business thoroughfare servicing the city of Boise, with an average 26,300 vehicles passing by daily. The site has multiple points of access and increased visibility due to its parapet and monument signage. Moreover, Red Robin is located directly across from the Albertsons corporate office and less than 1 mile from Boise State University (22,000 Enrolled Students), providing a direct consumer base to draw from. Nearby national/credit tenants include Whole Foods Market, WinCo Foods, Trader Joe’s, Walgreens, Albertsons, and more, further increasing consumer traffic to the subject area. The 5-mile trade area is supported by nearly 144,000 residents and more than 140,000 employees. Residents within this trade area have an average household income of $78,962.