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Red Robin Properties For Sale 

    



Interested in Purchasing a Red Robin Property for Investment?

 

If you wish to purchase a Red Robin property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Red Robin Properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

 

Red Robin

 

 
Price: 

$1M - $3M


Lease Term
:

10 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Public
Traded as NASDAQRRGB
Industry Restaurant
Founded 1969Seattle, Washington,
Headquarters Greenwood Village, Colorado(2000)
Number of locations
500 (September 2014)[1]
Products Casual Dining
Website redrobin.com

    

   

About Red Robin:

 

Red Robin Gourmet Burgers  , or simply Red Robin, is a chain     of casual dining    restaurants     founded in 1969 in Seattle, Washington  , and now headquartered in Greenwood Village, Colorado  . 

The original Red Robin stood at the corner of Furhman and Eastlake Avenues E. in Seattle, at the southern end of the University Bridge. This building dates from 1940 and was first called Sam's Tavern. The owner, Sam, sang in a barbershop quartet and could frequently be heard singing the song "When the Red, Red Robin (Comes Bob, Bob, Bobbin' Along)". He liked the song so much that he eventually changed the name to Sam's Red Robin.[2] 

In 1969, local Seattle restaurant entrepreneur Gerry Kingen bought the restaurant and expanded it. The business dropped the "Sam's" and simply became Red Robin. The first restaurant was 1,200 sq ft (110 sq m). It was a favored hangout for University of Washington students.[3][4] Kingen continued to operate the location as a tavern for a few years, but later added hamburgers to the menu, eventually giving fans 28 different burgers to choose from, and sales skyrocketed. 

After 10 years of building the Red Robin concept Kingen decided to franchise it,[5] which proved to be significant in the development of the chain. Through franchising, and through one franchisee in particular, the chain drew its strength. Kingen's association with the company he founded later ended, but the franchising system endured, creating disciples of the gourmet burger format that extended the physical presence and geographic reach of the enterprise for beyond the efforts of its creator. 

In 1979, Kingen sold Michael and Steve Snyder the rights to open a Red Robin in Yakima, Washington and The Snyder Group Company became Red Robin's first franchisee. In 1980, Red Robin opened a restaurant in Portland, Oregon. In 1983, Red Robin adopted a mascot named Red. In 1985, Red Robin boasted 175 restaurants when the corporate headquarters was moved from downtown Seattle to Irvine, California after CEO Kingen sold a controlling interest in Red Robin Corp. to Skylark Corporation of Japan and where Michael Snyder had Red Robin offices. With marginal successes and poor financial performance under Skylark's management, Kingen, then a minority owner, in 1995 stepped back into Red Robin with Michael Snyder to nurse the company back to profitability. In 2000, the company opened its 150th restaurant. Headquarters was moved to the Denver Tech Center. In 2000, Red Robin merged with the Snyder Group, and Snyder became president, chairman and CEO of the merged company. Snyder took the company public in 2002. The company has more than 450 restaurants with combined sales close to US$1,000,000,000. 

The original Red Robin closed on March 21, 2010 due to prohibitive maintenance costs for the old building.[6][7][8][9] It was demolished on August 28, 2014.[10] 

Recently, Red Robin has added a "simplified" line of restaurants called Red Robin's Burger Works featuring quick service and with locations in Washington D.C., Illinois, Ohio and Colorado. [11] 

 

Red Robin  Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



 

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