Red Robin Gourmet Burgers

Red Robin Gourmet Burgers is a well-established American restaurant chain known for its wide selection of burgers and casual dining experience. The company’s story began in Seattle, where a neighborhood tavern eventually evolved into Red Robin after entrepreneur Gerry Kingen took over in 1969 and shifted the menu’s focus to hamburgers. This move set the stage for Red Robin’s signature offering and laid the foundation for its national growth.

A significant milestone in Red Robin’s history came in the 1980s, when a major investment from Skylark Corporation of Japan fueled expansion and led to the relocation of its headquarters to California. Over the decades, Red Robin has continued to grow, both through company-owned and franchised locations. As of December 2024, the brand operates 498 restaurants across 44 U.S. states and British Columbia, with 91 of these locations run by franchisees.

In the past five years, Red Robin has adapted to changing consumer preferences by remodeling existing stores and introducing new formats. The company has placed a particular emphasis on flexible restaurant designs, including smaller urban concepts and traditional freestanding sites in suburban areas. Expansion efforts have focused on high-traffic retail corridors and mixed-use developments, reflecting a strategic approach to site selection and market entry.

Red Robin’s menu features more than two dozen burger varieties, along with appetizers, salads, desserts, and a full bar that highlights local and regional craft beers. The brand is recognized for its family-friendly atmosphere and signature Bottomless Steak Fries, appealing to a broad customer base. Publicly traded on NASDAQ under the symbol RRGB, Red Robin reported annual revenues of $1.25 billion for fiscal year 2024 and is headquartered in Greenwood Village, Colorado.

Today, Red Robin’s ongoing investment in store updates and new formats, combined with its national footprint and brand recognition, positions it as a credible and adaptable tenant for a range of retail and mixed-use environments. The company’s continued focus on both suburban and urban markets, along with its willingness to evolve, underscores its relevance in the current commercial real estate landscape.