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Red Robin (LongHorn Steakhouse)

Red Robin built the site on the pad to this Target anchored center and then as a company, they exited the market of TN. LongHorn Steakhouse moved in quickly and asked to take over the site and they rebuilt the building at their own expense being that Red Robin was not released from the lease.

 

The site, in essence, has two leases backing the location. LongHorn, who currently operates the site and Red Robin who originally developed the pad.

 

Other retailers in the immediate are include: Dress Barn, Game Stop, Cheddar's Casual Café, Famous Dave's, Staples, Starbucks, Chili's, Logan's Road House, a Movie Theater, Cici's Pizza, Sonic Drive-Thru, Discount Tire, and Stonecrest Medical Center. Home Depot, Fifth Third Bank, Discount Tire and Publix are also in the immediate area. Smyrna, TN is located just 22 miles southeast of Nashville.

Additional Info

  • Address: : 975 Industrial Blvd., Smyrna, TN 37167
  • Price: : $1,893,000
  • Net Rentable Area: : 5,228
  • Lot Size (Acres): : 1.75
  • CAP Rate: : 6.10%
  • Price Per Sqft: : $362.09
  • NOI: : $115,000
  • Year Built: : 2008/2012
  • Status: : Available
  • Investment Highlight: Corporate Guaranteed Lease