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Single Tenant NNN Red Robin

Price: $4,070,000

Year 1 NOI: $275,000

Cap Rate: 6.75%

Building SF: 7,200 SF


Status: Active

The offering presents the opportunity to acquire a long-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 with Capital Mall producing 6.5M annual visits (Placer.ai).


Red Robin has successfully operated at this location for over 30 years and reports strong sales performance, underscoring both the tenant’s success and the quality of the site. The property is secured by a NNN lease with approximately 2 years of term remaining, offering stable, passive income with zero landlord responsibilities.

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