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Ruby Tuesday 10509 Gibsonton Dr 4,675 SF Retail Building Riverview, FL 33578 $4,929,513 CAD ($1,054.44 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
$4,929,513 CAD
Price Per SF
$1,054.44 CAD
Cap Rate
6.50%
NOI
$320,418 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., avec ses filiales, participe au développement, à l'exploitation et à la franchise de restaurants décontractés. Ruby Tuesday, Inc. compte plus de 540 restaurants de marque Ruby Tuesday dans 40 États, 11 pays étrangers et Guam. Leurs restaurants détenus et exploités par la Société sont concentrés principalement dans le Sud-Est, le Nord-Est, le Centre de l'Atlantique et le Midwest des États-Unis, qu'ils considèrent comme leurs principaux marchés.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | Dec 2037 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | U-20-30-20-76X-000000-00003.0 | Improvements Assessment | $1,282,200 CAD |
| Land Assessment | $1,838,568 CAD | Total Assessment | $3,120,768 CAD |
PROPERTY TAXES
Parcel Number
U-20-30-20-76X-000000-00003.0
Land Assessment
$1,838,568 CAD
Improvements Assessment
$1,282,200 CAD
Total Assessment
$3,120,768 CAD
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Ruby Tuesday | 10509 Gibsonton Dr
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