Red Robin NNN Property For Sale — Chesapeake, VA
1024 Eden Way North, Chesapeake, VA 23320
This offering features a single-tenant Red Robin restaurant, strategically located in Chesapeake, VA. The property boasts a strong 14-year lease with Red Robin, a leading national brand in the casual dining sector with over 500 locations across North America. This investment presents a stable income stream from a recognized tenant in a desirable market.
- Address: 1024 Eden Way North, Chesapeake, VA 23320
- Asking price $4.39M
- 6.50% cap rate
- NOI $285,675
- 14 years remaining
- NNN lease
- Year built: 2004
- Building size: 6,384 SF
- Lot size: 1.59 acres
- Guarantor: Corporate
Location
This Red Robin property is at 1024 Eden Way North in Chesapeake, Virginia.
Asset type: Restaurant