Red Robin | Schererville, IN — Sale in Schererville, IN

  • Price: $3.1M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Schererville, IN 46375
  • Year built: 2005

Photos

Red Robin | Schererville, IN — Sale in Schererville, IN, photo 1 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 2 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 3 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 4 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 5 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 6 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 7 of 8
Red Robin | Schererville, IN — Sale in Schererville, IN, photo 8 of 8

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas, Inc. (“ JLL ”) is pleased to offer the opportunity to acquire the Red Robin located at 1410 US Highway 41, Schererville, Indiana (“ Property ” or “ Asset ”). Red Robin is operating on an NNN lease with minimal landlord responsibilities , ±4.9 years of lease term remaining, and three, five-year options. The Property is located in Schererville, IN in close proximity to the downtown area. The Property, is strategically located to establish a premier dining location in a thriving retail hub. Surrounded by a residential corridor, the Asset is Ideally positioned near the intersection of Indianapolis Road and W US-30 (W Lincoln Highway), which benefits from high daily traffic counts averaging more than 41,000 vehicles per day. The Property is positioned across the street from the to Crossroads Shopping Center, anchored by Walmart and Strack & Van Til. It is also very close #1 Menards and Home Depot all over Indiana and the Shoppes at Crossroads Shopping center generates 4.3 million visits annually and ranks in the top 5% of most visited shopping centers in IN (Placer.ai). Located close to Schererville’s downtown area, the property is surrounded by shopping centers and residential properties and being located at the intersection of major state highway, the Asset captures both local and cross-state traffic. Additionally, the national tenancy in the retail node includes Walmart, Menards, The Home Depot, AMC Theatres, Strack & Van Til, and ALDI, among others. Red Robin (NASDAQ: RRGB) is a casual dining restaurant chain with 500+ locations across North America and $1.2 billion in 2024 sales. The Property is occupied by a wholly owned subsidiary, Red Robin International Inc., which implies it is a Corporate Guaranty. This unique opportunity allows investors the ability to acquire a passive income stream from a nationally recognized casual-dining operator with high value intrinsic real estate.

Market Context

This retail in Schererville, IN is listed for sale at $3,090,000. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2005. Compare it against other retail listings for sale in Schererville, IN — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Indiana