Red Robin – Albuquerque, NM

Red Robin
10009 Coors Boulevard NW - Albuquerque, NM 87114

Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,157 SF Red Robin Absolute NNN Asset Located at 10009 Coors Blvd NW in Albuquerque, NM. This Deal Includes a 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase – June 2026), Providing For a Secured Investment.

  • 7+ Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities | Proven 24+ Year Occupancy History
  • 10% Rent Increases Every 5 Years, Providing a Healthy Hedge Against Inflation (Next Increase – June 2026)
  • Corporately Guaranteed By Red Robin Gourmet Burgers and Brews (NASDAQ: RRGB). Red Robin Has Over 500 Locations in the United States, With 2023 Revenue at $1.28B
  • Strong and Growing Demographics: Population of Over 191,301 People and Average Household Income of Over $108,454 Within a 5-Mile Radius
  • Strategically Placed as an Outparcel of Cottonwood Mall, the Second Largest Mall in New Mexico, With 1,041,680 SQFT of Leasable Area, Providing For Outstanding Daily Traffic Counts
  • Located Directly Off of Coors Blvd NW, Which Sees Over 72,000 Vehicles Per Day
  • Adjacent to the 6th-largest High School in the State, With 1,752 Students
  • Albuquerque is the Most Populous City in New Mexico
  • Nearby National Retailers Include: Costco, Hobby Lobby, Dillard’s, The Home Depot, Walmart Supercenter, Buffalo Wild Wings, Outback Steakhouse, Chili’s, BJ’s Brewhouse, Texas Roadhouse, LongHorn Steakhouse, Popeyes, Taco Cabana, Starbucks, Tropical Smoothie Cafe, and More

In Cooperation With Sands Investment Group – Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310

Red Robin
10009 Coors Boulevard NW - Albuquerque, NM 87114

RED ROBIN

Red Robin Gourmet Burgers, Inc. (www.redrobin.com), is a casual dining restaurant chain founded in 1969 that operates through its wholly owned subsidiary, Red Robin International, Inc., and under the trade name, Red Robin Gourmet Burgers and Brews. We believe nothing brings people together like burgers and fun around our table, and no one makes moments of connection over craveable food more memorable than Red Robin. We serve a variety of burgers and mainstream favorites to Guests of all ages in a casual, playful atmosphere. In addition to our many burger offerings, Red Robin serves a wide array of salads, appetizers, entrees, desserts, signature beverages and Donatos Pizza at select locations. It’s easy to enjoy Red Robin anywhere with online ordering available for to-go, delivery and catering. Sign up for the royal treatment by joining Red Robin Royalty® today and enjoy Bottomless perks and delicious rewards across nearly 500 Red Robin locations in the United States and Canada, including those operating under franchise agreements.

Price

$5,200,000

Cap Rate

5.77%

PREMISES

6,157 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

05/31/2032

Lease Type

Absolute NNN

RENTAL INCREASES

10% Every 5 Years

BROKERS

List with SIG

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