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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.
Similar Listings
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
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.