600 Cooper Point Rd SW - Restaurant FOR SALE


Olympia, WA 98502- West Olympia
$4,070,000 USD
206-518-9567
600 Cooper Point Rd SW, Olympia, WA for Sale
$4,070,000 USD
Restaurant - FOR SALE
1/11
null | 6.75% Cap Rate

600 Cooper Point Rd SW
Olympia, WA 98502
West Olympia


HIGHLIGHTS

  • Red Robin has maintained continual operations at this site for more than three decades
  • Features 5 years of remaining term with zero landlord responsibilities, providing truly passive, predictable income to ownership
  • #5 restaurant location in Washington State and is within the top 4% of Red Robin restaurants nationwide in terms of total visits (Placer.ai)
  • Red Robin is a nationally recognized casual dining brand with a proven history of sales performance and operational stability
  • Situated at Capital Mall, the region’s preeminent shopping, dining, and entertainment destination
  • Prominent free-standing building with high traffic exposure and multiple access points via Capital Mall Drive and the surrounding retail corridor

OVERVIEW

Presenting the opportunity to acquire a long-standing, free-standing single tenant, Red Robin, ideally situated at Capital Mall in Olympia, WA. This prime free-standing net lease property is located within the area’s leading regional shopping destination, benefitting from robust consumer traffic and strong retail synergy. Red Robin has successfully operated at this location for over 30 years, highlighting the location’s enduring appeal and track record of performance. The property is secured by an absolute NNN lease with 5 years of term remaining, offering stable, passive income with zero landlord responsibilities. The offering delivers the ultimate blend of stable, management-free income and prime location within Olympia’s dominant retail district, offering excellent downside protection and long-term value to investors.

FOR SALE DETAILS

PRICE

$4,070,000 USD

PRICE/SF

$551 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

HDC-4

APN/PARCEL ID

12816430300

ASK ABOUT THIS PROPERTY

Billy SleethNewmarkMore Info
206-518-9567

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Billy SleethNewmarkMore Info
206-518-9567

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