Red Robin - Valparaiso, IN — Sale in Valparaiso, IN
- Price: $3.1M
- Listing type: For sale
- Asset type: Retail Business
- Location: Valparaiso, IN 46385
- Year built: 2006
Photos
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 3004 John Howell Drive in Valparaiso, 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 renewal options. Red Robin is positioned in Valparaiso, ±50 miles southeast of downtown Chicago. The Property is located just off State Road 49 near the intersection of Laporte Avenue with direct accessibility to more than 53,000 vehicles per day . Valparaiso serves as an important economic center in Northeast Indiana, with a diverse economy and growing population. The Red Robin property is situated near major retailers and shopping destinations that drive consistent consumer traffic to the area. The property is situated near two universities, Valparaiso University and Ivy Tech Community College, and their 8,800+ combined students. Located in Valparaiso's dominant retail node, the property is surrounded by major shopping center that are ranked #2 with their stores among the highest in the nation by annual visits, highlighting the prosperity and future growth of this region. National tenancy in the retail node includes Walmart Supercenter, Kohl’s, The Home Depot, Best Buy, Target, ALDI, and Bed Bath & Beyond, 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 operated 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 Valparaiso, 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 2006. Compare it against other retail listings for sale in Valparaiso, IN — view the full market.
Contact
- Mohsin Mirza · 3122282867 · mohsin.mirza@jll.com
- Kenneth Martin · 3176327494 · ken.martin@jll.com
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