The Kase Group is pleased to present the opportunity to purchase a well established Red Robin in Abilene, Texas with a long term absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Red Robin. There are 10% increases every 5 years throughout the initial term and options, and four 5-year renewal options. The building sits outparcel to the Shops at Abilene, a dominant regional power center anchored by Ross, PetSmart, Old Navy and TJ Maxx.
The asset benefits from nearby traffic counts of 21,838 VPD along Catclaw Dr, 24,270 VPD along Southwest Dr and nearby U.S. Route 83, which carries over 59,000 VPD. The location is 6 miles from Dyess Air Force Base and 10 miles from Downtown Abilene. Surrounding tenants include The Home Depot, Walmart Super Center, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, Denny's and more.