NNN Leased Red Robin
For Sale
Contact for pricing
8184 Laura Ln, Davenport, FL 33896
Long-term NNN leased Red Robin in high-traffic Davenport, Florida.
Property Size4,622 SF
Price / SF$435.38
Days on Market180
Property Features for 8184 Laura Ln
General Information
Standard status
Active
Size
4,622 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$130,803
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(925) 348-1844
Listed By:
Kase Abusharkh · License #TX 708586
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 The Kase Group
Investment Insights
Based on property information with market context.
This property offers the opportunity to acquire a long-term, absolute NNN leased Red Robin located in Davenport, Florida. The property is corporately guaranteed by Red Robin and operates under a lease with zero landlord obligations. The lease agreement features 10% rental increases every five years, ensuring a stable income stream. The lease includes four, five-year options to renew. The property benefits from its location on Laura Lane, just off Interstate 4, enhancing visibility and providing access to a high-traffic area. It is surrounded by major retailers such as Panera, Walgreens, Wendy's, Dunkin', and Publix. The building consists of 4,622 SF of retail space. Offered at a price of $2,012,338, with a cap rate of 6.50% based on a Net Operating Income (NOI) of $130,803, this property presents an investment opportunity in a high-demand retail location.
Key Highlights
- Absolute NNN Lease: Enjoy zero landlord obligations, simplifying ownership.
- Corporately Guaranteed by Red Robin: Provides financial security with a strong tenant.
- Strategic Location: High‑traffic area off Interstate 4 with excellent visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,840
$1.2M
Cap Rate 7%
$858,457
$858.5K
Cap Rate 9%
$667,689
$667.7K
Market Conditions
NOI Build-Up for 4,622 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.0K $18.60/SF
− Vacancy
−$5.8K −$1.26/SF
EGI
$80.1K $17.34/SF
− OpEx
−$20.0K −$4.33/SF
NOI
$60.1K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,201,840
Cap Rate 7%
$858,457
Cap Rate 9%
$667,689
Alternative Uses
Best Use
Specialty Retail
$858.5K
$751.2K – $1.00M
NOI $60,092 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.9K – $1.30M
NOI $77,749 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Keke's Breakfast Cafe
Dining
12,559 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
8,493 visits/mo
0.5 miles
Demographics for 33896, FL
19,444
Population
11,929
Households
1.6
Avg Household Size
36
Median Age
33%
College-Educated
94%
High-School Grad
20.2 sq mi
ZIP Area
963
Density / Sq Mi
$74,485
Median Household Income
$39,558
Median Earnings
$1,969
Median Rent
$307,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Long-term NNN leased Red Robin in high-traffic Davenport, Florida.
Where is this conventional restaurant located?
The property is located at 8184 Laura Ln Davenport, FL.
What is the asking price?
The asking price for this property is $2,012,338.
What are key features of this property?
This property features: Absolute NNN Lease: Enjoy zero landlord obligations, simplifying ownership.; Corporately Guaranteed by Red Robin: Provides financial security with a strong tenant.; Strategic Location: High‑traffic area off Interstate 4 with excellent visibility.
