•	The tenant is performing extremely well at the location, operating at a sub 4.5% rent-to-sales ratio
•	The tenant Ansara Restaurant Group (20+ locations), has approximately 3.5 years remaining on its lease with 3 (5-year) options to extend
•	The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
•	The franchisee operates over 20 Red Robin locations, as well as 9 locations across Twin Peaks, Portofino, Burgrz, and 2Booli

Offering Memorandum

•	The subject property is an outparcel to an 87,000+ square foot Kohl’s and a 75,000+ square foot Kroger grocery store
•	The asset is located within walking distance to one of the largest shopping areas in Lansing, featuring Meijer, ALDI, Target, Best Buy, and more
•	Also walking distance to Lansing Mall which is anchored by JCPenney, Regal, Best Buy, Zap Zone XL, and Best Furniture Outlet
•	Strong tenant synergy promotes crossover shopping to the subject property

Lansing, MI - Red Robin

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

Ivy Kwon

Senior Marketing Associate

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Lansing, MI - Red Robin

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Gary Chou

Matthew Coates

Calvin Short

Aron Cline