Corporate Lease: Remaining 14 year lease with Red Robin, one of the most recognized national brand in the casual dining industry., with more than 500 restaurants across the United States and Canada.
Passive Ownership Opportunity: The tenant is responsible for all Taxes, CAM, and insurance, providing no landlord ownership responsibilities.
Scheduled Rent Increases: The lease calls for rental increases of 10% every five years including the option periods.
Interstate Access: The property is conveniently located near Interstate 64, offering direct access to Norfolk, Virginia Beach, and other nearby cities in the Hampton Roads area.
Chesapeake Location: Chesapeake is centrally located within the Hampton Roads metropolitan area, with an average household income of $94,947 within 5 miles of the site. Proximity to Eden Way North, a well-traveled local road, ensures ease of access for customers arriving by car or public transportation.
Super Regional Mall: The site is a pad to Greenbrier Mall, the dominant retail center, providing superior visibility and access compared to other restaurants in the submarket.
Nearby National Retailers: Additional national retailers in the area include Chick Fil’a, Walmart Super Center, TJ Maxx, Target, and Raising Cains.
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