225548 Rib Mountain Dr - Restaurant FOR SALE


Wausau, WI 54401
$1,769,231 USD
847-562-9280
225548 Rib Mountain Dr, Wausau, WI for Sale
$1,769,231 USD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

225548 Rib Mountain Dr
Wausau, WI 54401


HIGHLIGHTS

  • Low absolute rent for a casual dining asset ($115,000)
  • Extended through April 2036
  • NNN ground lease – No landlord responsibilities
  • Signalized hard corner along Rib Mountain Drive (20,200 VPD)
  • Dense retail corridor – Walmart Supercenter, Sam’s Club, Best Buy, Hobby Lobby, PetSmart, Kohl’s, ALDI, Old Navy, Michaels, & several others
  • Six-figure average household income within one-mile ($104,241)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Red Robin property in Wausau, Wisconsin. Red Robin has been successfully operating this location since 2016 and in 2019, Red Robin extended the lease through April 2036 signifying long term commitment to the location. The lease includes 10% rental increases every five years during both the initial term and each of the two five-year renewal options. Additionally, the lease is absolute triple net presenting no landlord responsibilities. The 4,534-square-foot building is positioned on a outparcel to DICK’S Sporting Goods and benefits from its location along Rib Mountain Road which experiences more than 20,200 vehicles per day. The property is located in a dense retail corridor found just off of US Highway 51 (62,800 VPD). The corridor is occupied by nationally recognized brands including Walmart Supercenter, Sam’s Club, Best Buy, Hobby Lobby, PetSmart, Kohl’s, ALDI, Old Navy, Michaels, and many others. There are 67,000 people living within a five-mile radius. Additionally, the population within a one-mile radius earns a six-figure average household income ($104,241). Red Robin Gourmet Burgers, Inc. is a casual dining restaurant chain renowned for its gourmet burgers, bottomless steak fries, and family-friendly atmosphere. Founded in Seattle, Washington, in 1969, Red Robin has expanded to nearly 500 locations across the United States and Canada as of early 2025. The company offers a diverse menu featuring creative and customizable burger options, including signature items like the Whiskey River® BBQ Burger and the Royal Red Robin Burger®. With a focus on quality ingredients and warm hospitality, Red Robin has become a popular destination for both casual diners and burger enthusiasts.

FOR SALE DETAILS

PRICE

$1,769,231 USD

PRICE/SF

$402 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

068-2807-151-0814

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.