SRS Real Estate Brokers $5.7M Sale of Red Robin-Occupied Asset in Colorado Springs

Originally Published: REBusiness Online

COLORADO SPRINGS, COLO. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a single-tenant restaurant property, located at 1410 Jamboree Drive in Colorado Springs. A private, Minneapolis-based 1031 exchange investor acquired the asset for $5.7 million.

Red Robin Gourmet Burgers occupies the 7,221-square-foot property, which was built in 1987.

Brad Gibbs, Matthew Mousavi and Patrick Luther of SRS Real Estate represented the seller, a Midwest-based institutional investor, in the deal.