This offering presents a unique opportunity to acquire a well-established Red Robin restaurant in Abilene, Texas. The property features a new 15-year absolute NNN lease with zero landlord obligations, providing a secure, passive income stream. The lease is corporately guaranteed by Red Robin and includes 10% rent increases every five years throughout the initial term and four 5-year renewal options. Strategically located as an outparcel to The Shops at Abilene, a dominant regional power center anchored by major retailers like Ross, PetSmart, Old Navy, and TJ Maxx, this location benefits from exceptional visibility and high traffic counts. Nearby roadways boast a combined daily traffic volume exceeding 105,000 vehicles. The property's proximity to Dyess Air Force Base (6 miles) and Downtown Abilene (10 miles) further enhances its appeal. The surrounding area is densely populated with a variety of complementary businesses, including The Home Depot, Walmart Supercenter, Burlington, Dollar Tree, Five Below, Wendy's, Mattress Firm, The UPS Store, Dollar General, Chick-fil-A, and Denny's. The 6,675 square foot building sits on a 1.23-acre lot. The property is priced at $3,307,692. This investment offers a compelling combination of strong tenant, favorable lease terms, and a prime location within Abilene's thriving retail corridor. The city of Abilene, situated approximately 180 miles west of the Dallas/Fort Worth Metroplex, serves as the county seat for Taylor County, boasting a population of approximately 136,000. Abilene's strategic location and robust infrastructure make it a desirable location for commercial investment.
Property Features for 3549 Catclaw Dr
General Information
Property type
Restaurants
Square Feet
6,675 SF
Price / Square Foot
$495
Elevators
N/A
Lot Size
53,579 SF
Building Details
Buildings
1
Stories
1
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Listing Contact
Kase Abusharkh
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Property Insight Report
HighLights
New 15‑year absolute NNN lease with zero landlord obligations.
Corporately guaranteed Red Robin lease with 10% rent increases every 5 years.
Prime Abilene location, outparcel to major retail center, high traffic counts.
Location Intelligence
Current Use by Public Records
Red Robin Gourmet ...Restaurant
Suggested Use
Law FirmRealty agencyRestaurantSpa & MassageDental OfficeHair SalonNail SalonBuilding SupplyGym & FitnessClothing Store
Zoning and permitted uses should be independently verified with local authorities.
Location Insight
Map
Local Demand
City
Abilene
State
Texas
Longitude
-99.776238
Latitude
32.408231
Nearby Similar for Sale
$985,000
3,100 SF
Luxury Barndominium on 55 Acres
Stunning barndominium on nearly 55 acres near Abilene, Texas.
Restaurant - Established Red Robin, Abilene, TX, NNN Lease
Where is this restaurant located?
The property is located at 3549 Catclaw Dr Abilene, TX.
What is the asking price?
The asking price for this property is $3,307,692.
What are key features of this property?
This property features: New 15-year absolute NNN lease with zero landlord obligations.; Corporately guaranteed Red Robin lease with 10% rent increases every 5 years.; Prime Abilene location, outparcel to major retail center, high traffic counts.
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3549 Catclaw Dr Abilene, TX 79606
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Realmo Value Estimations
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.
AI approach
Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.
Realmo CapRate Calculation
Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.
How We Calculate Cap Rate
Cap Rate Formula: Cap Rate (%) = (Net Operating Income / Property Value) × 100
Net Operating Income (NOI) Formula: NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)
Components
Net Operating Income (NOI) represents the annual income a property generates after operating expenses:
Area: Building square footage from property records
Lease Rate: Annual $/sqft based on market data for the property type and geographic location
Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
Operating Expense Ratio: Operating costs as a percentage of income, varies by property type
Property Value is derived from:
Recent sale price (if available)
Statistical models using comparable sales
AI-powered valuation estimates
Example Calculation
For a 100,000 sqft Office Building:
Lease Rate: $25.00/sqft/year (market data for Office in this area)
Vacancy Rate: 8% (market data for Office in this area)
Operating Expense Ratio: 35% (typical for Office properties)
Property Value: $15,000,000
Step 1: Calculate NOI
NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35) NOI = 100,000 × $25.00 × 0.92 × 0.65 NOI = $1,495,000/year
Step 2: Calculate Cap Rate
Cap Rate = ($1,495,000 / $15,000,000) × 100 Cap Rate = 9.97%
Property Type Considerations
Net Operating Income calculations vary by property type due to different operating expense ratios:
Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
Retail: Moderate expenses (25-35%) for common area maintenance
Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
Multifamily: Moderate expenses (35-45%) including property management
Self-Storage: Lower expenses (25-35%) due to minimal maintenance
Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.
Disclaimer
These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.
Cap Rate calculations depend on market data that may change over time
Actual operating expenses, lease rates, and vacancy rates may differ from market averages
Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
Property value estimates are approximations and not official appraisals
Cap rates vary widely by market, property condition, and investment risk profile
Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.
Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Stat Estimate
This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all similar sales ($/sqft) are above this value
Range-to: 75% of all similar sales ($/sqft) are below this value
AI Estimate
This method estimates value based on AI market estimation of comparable properties around by location and property type.
Ranges - area data calculated by industry standard IQR Outlier Removal Method
Range-from: 75% of all estimations ($/sqft) are above this value
Range-to: 75% of all estimations ($/sqft) are below this value
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
3549 Catclaw Dr Abilene, TX 79606
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3549 Catclaw Dr , Abilene, TX
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3549 Catclaw Dr , Abilene, TX
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3549 Catclaw Dr , Abilene, TX
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3549 Catclaw Dr , Abilene, TX
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to 3549 Catclaw Dr Abilene, TX 79606
3549 Catclaw Dr , Abilene, TX
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