Red Robin Restaurant with Ground
For Sale
Contact for pricing
1354 Veterans Pkwy, Clarksville, IN 47129
Corporate operation and guarantee accompany a long-term ground lease.
Property SizeContact for details
Days on Market142
Property Features for 1354 Veterans Pkwy
General Information
Standard status
Active
Property subtype
Retail
Financials
Asking Price
$3,559,567
Cap Rate
6%
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2017
Listing Agency:
CBRE
Listed By:
David Hesano · License #MI 6501300653
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 7:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This Red Robin restaurant is operated and guaranteed on a corporate basis and occupies a Lowe’s outparcel at 1354 Veterans Pkwy in Clarksville, Indiana. The property is structured under a corporate ground lease with limited landlord responsibilities, providing a defined operating framework for the restaurant asset.
The lease has more than ten (10) years remaining, followed by three (3) five (5) year options. Contractual rent increases are set at ten percent (10%) every five (5) years. The property is positioned within the central Clarksville trade area, in the northern Louisville, Kentucky trade region, near multiple freeways and a concentration of national retailers and restaurants.
The surrounding five-mile radius includes a population of over 132,426 people, adding established residential density to the broader retail corridor context.
The lease has more than ten (10) years remaining, followed by three (3) five (5) year options. Contractual rent increases are set at ten percent (10%) every five (5) years. The property is positioned within the central Clarksville trade area, in the northern Louisville, Kentucky trade region, near multiple freeways and a concentration of national retailers and restaurants.
The surrounding five-mile radius includes a population of over 132,426 people, adding established residential density to the broader retail corridor context.
Key Highlights
- Corporate‑operated and guaranteed Red Robin restaurant
- Corporate ground lease with limited landlord responsibilities
- More than ten (10) years of remaining lease term
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47129, IN
19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corporate operation and guarantee accompany a long-term ground lease.
Where is this conventional restaurant located?
The property is located at 1354 Veterans Pkwy Clarksville, IN.
What are key features of this property?
This property features: Corporate‑operated and guaranteed Red Robin restaurant; Corporate ground lease with limited landlord responsibilities; More than ten (10) years of remaining lease term
