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Red Robin 441 S Randall Rd

6,970 SF Retail Building Algonquin, IL 60102 £3,249,311 (£466/SF) 6.75% Net Initial Yield

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Investment Highlights

6+ Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Long Term Tenancy
Dense Retail Corridor (11M+ Annual Visits) | National Retailers | S. Randall Road (43,700 VPD) | 2.5M+ Retail SF Within 1-Mile

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area | Affluent Community

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, corporate guaranteed, Red Robin investment property located in Algonquin, Illinois. The tenant, Red Robin International, Inc., has over 6 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.