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Red Robin - Albuquerque, NM
10009 Coors Blvd NW, Albuquerque, NM 87114
Available Now
$5,000,000
48 views
1 / 2
FOR SALERetail / Fast Food
Cap Rate
6%
NOI
$300,000
Building Size
6,157SF
Lot Size
1.51ac
Year Built
2001
Occupancy
100%
Listing Contacts
More property details
Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease
Location
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Red Robin - Albuquerque, NM
About the location
Sands Investment Group is pleased to exclusively present the 6,157 SF Red Robin at 10009 Coors Blvd NW, Albuquerque, NM, for sale. The property features over 7 years remaining on an absolute Triple Net (NNN) lease with zero landlord responsibilities and 10% rent increases every five years (next increase in June 2026), offering a strong hedge against inflation and a secure, long-term investment.
Location highlights
- Lease Terms: 7+ years remaining on an absolute Triple Net (NNN) lease with zero landlord responsibilities; property has a proven 24+ year occupancy history.
- Income Growth: 10% rent increases every five years, providing a solid hedge against inflation (next increase June 2026).
- Corporate Guarantee: Lease backed by Red Robin Gourmet Burgers and Brews (NASDAQ: RRGB), with 500+ U.S. locations and $1.28B in 2023 revenue.
- Strong Demographics: Within a 5-mile radius—population of 191,301+ and average household income of $108,454+.
- Prime Location: Outparcel of Cottonwood Mall, New Mexico’s second-largest mall (1,041,680 SQFT), with high daily traffic; directly off Coors Blvd NW (72,000+ vehicles/day).
- Nearby Amenities: Adjacent to the state’s 6th-largest high school (1,752 students).
- Market: Albuquerque, the largest city in New Mexico.
- Nearby Retailers: Costco, Hobby Lobby, Dillard’s, Home Depot, Walmart Supercenter, Buffalo Wild Wings, Outback Steakhouse, Chili’s, BJ’s Brewhouse, Texas Roadhouse, LongHorn Steakhouse, Popeyes, Taco Cabana, Starbucks, Tropical Smoothie Cafe, and more.