Red Robin

Lowest
Cap Rate

6.25%

Lowest cap rate over past 24 months

Average
Cap Rate

7.00%

12 mo avg with 5+ yr lease term

Overview

Red Robin locations typically range from 5,000 to 6,500 square feet on 1.0 to 1.5-acre parcels. Most leases are 15- to 20-year absolute NNN, with 10% rent escalations every 5 years and corporate guarantees from Red Robin. Properties are usually freestanding, located near malls or big-box centers, and include indoor dining, bar areas, and ample parking.

Average Property & Lease

Average Sale Price	$2,500,000 - $4,000,000
Average NOI	$160,000 - $280,000
Building SF	5,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NASDAQ:RRGB

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

Red Robin was founded in 1969 in Seattle, Washington, as a casual bar and burger joint before evolving into a full-service restaurant brand known for its gourmet burgers, bottomless fries, and family-friendly atmosphere. The company expanded rapidly through the 2000s and became a staple in suburban shopping centers and lifestyle hubs. Red Robin is publicly traded under Red Robin Gourmet Burgers, Inc., though the brand has undergone multiple restructuring efforts in recent years to improve performance and operational efficiency.

Founded	1969
Headquarters	Greenwood Village, CO, U.S.
Number of Locations	500
Revenue	$1.3 B
Company Website	https://www.redrobin.com
Key Principal	G.J. Hart

Red Robin

Lowest Cap Rate

6.25%

Average Cap Rate

7.00%

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate