Log In/Sign Up
Your email has been sent.
Ruby Tuesday 1360 Airport Rd 5,370 SF Retail Building Jacksonville, FL 32218 $3,624,269 CAD ($674.91 CAD/SF) 6.75% Cap Rate
Investment Highlights
- IRREPLACEABLE I-95 / AIRPORT NODE
- LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH
- RETAINED THROUGH BANKRUPTCY (TOPPERFORMING UNIT)
Executive Summary
LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH
- 11 years remaining on a 20- year corporate lease with 10% rent increases every 5 years and throughout option periods
- Absolute NNN structure with zero landlord responsibilities
RETAINED THROUGH BANKRUPTCY (TOP PERFORMING UNIT)
- Lease was assumed through Chapter 11 restructuring, with the company eliminating underperforming locations and retaining this site — a direct indicator of relative unit performance
STRONG SUNBELT GROWTH MARKET WITH FAVORABLE DEMOGRAPHICS
- Jacksonville is one of Florida’s fastest-growing metros, benefiting from sustained in-migration, a diversified employment base, and no state income tax, driving long-term population and economic growth across the region
IRREPLACEABLE I-95 / AIRPORT NODE
- Direct access to I-95 (82,500 VPD) and Airport Road (16,900 VPD), located approximately 1.5 miles from Jacksonville International Airport (~7 million annual passengers)
AIRPORT-DRIVEN DEMAND + HOTEL DENSITY
- Surrounded by 10+ flagged hotels (2,000+ rooms) within a half-mile radius, creating consistent, nondiscretionary dining demand from travelers and staff
PROXIMITY TO RIVER CITY MARKETPLACE
- Located 1.3 miles from a dominant 850,000 SF power center anchored by Walmart, Lowe’s, and Best Buy, with a dense lineup of national retailers and restaurants
- 11 years remaining on a 20- year corporate lease with 10% rent increases every 5 years and throughout option periods
- Absolute NNN structure with zero landlord responsibilities
RETAINED THROUGH BANKRUPTCY (TOP PERFORMING UNIT)
- Lease was assumed through Chapter 11 restructuring, with the company eliminating underperforming locations and retaining this site — a direct indicator of relative unit performance
STRONG SUNBELT GROWTH MARKET WITH FAVORABLE DEMOGRAPHICS
- Jacksonville is one of Florida’s fastest-growing metros, benefiting from sustained in-migration, a diversified employment base, and no state income tax, driving long-term population and economic growth across the region
IRREPLACEABLE I-95 / AIRPORT NODE
- Direct access to I-95 (82,500 VPD) and Airport Road (16,900 VPD), located approximately 1.5 miles from Jacksonville International Airport (~7 million annual passengers)
AIRPORT-DRIVEN DEMAND + HOTEL DENSITY
- Surrounded by 10+ flagged hotels (2,000+ rooms) within a half-mile radius, creating consistent, nondiscretionary dining demand from travelers and staff
PROXIMITY TO RIVER CITY MARKETPLACE
- Located 1.3 miles from a dominant 850,000 SF power center anchored by Walmart, Lowe’s, and Best Buy, with a dense lineup of national retailers and restaurants
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,370 SF
Building Class
B
Year Built/Renovated
2001/2017
Price
$3,624,269 CAD
Price Per SF
$674.91 CAD
Cap Rate
6.75%
NOI
$244,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.77 AC
Zoning
PUD
Parking
110 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
142’ on Airport Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 5,370 SF
- -
- 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 | 5,370 SF | - | Dec 2037 |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 019379-0200 | Improvements Assessment | $570,274 CAD |
| Land Assessment | $1,274,871 CAD | Total Assessment | $1,845,145 CAD |
Property Taxes
Parcel Number
019379-0200
Land Assessment
$1,274,871 CAD
Improvements Assessment
$570,274 CAD
Total Assessment
$1,845,145 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Ruby Tuesday | 1360 Airport Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.