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Ruby Tuesday 10509 Gibsonton Dr 4,675 SF Retail Building Riverview, FL 33578 $4,908,572 CAD ($1,049.96 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: Zero Landlord Responsibilities: The lease is structured as an absolute NNN, offering passive income with no landlord maintenance.
- Lowes Outparcel: Lowe’s-Anchored Location – Outparcel to a busy Lowe’s, driving consistent customer traffic.
- Corporate Guarantee: Lease backed by RUBY TUESDAY, INC., providing strong credit and financial stability.
- Large ±1.90-Acre Parcel: Positioned on a highly desirable parcel with excellent frontage and visibility.
- Established Tenant with Long-Term Commitment: Ruby Tuesday, a popular national American restaurant, has ±12.1 years remaining.
- Attractive Rental Increases: The lease includes 10% rent increases every five (5) years (including options).
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,675 SF
Building Class
B
Year Built
2006
Price
$4,908,572 CAD
Price Per SF
$1,049.96 CAD
Cap Rate
6.50%
NOI
$319,057 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.90 AC
Zoning
PD
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Dec 2037
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | Dec 2037 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | U-20-30-20-76X-000000-00003.0 | Improvements Assessment | $1,264,679 CAD |
| Land Assessment | $1,813,445 CAD | Total Assessment | $3,078,124 CAD |
PROPERTY TAXES
Parcel Number
U-20-30-20-76X-000000-00003.0
Land Assessment
$1,813,445 CAD
Improvements Assessment
$1,264,679 CAD
Total Assessment
$3,078,124 CAD
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Ruby Tuesday | 10509 Gibsonton Dr
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