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Ruby Tuesday | 11yrs Remain Corp Abs NNN 2316 N Main St 5,118 SF Retail Building Crossville, TN 38555 $3,097,317 CAD ($605.18 CAD/SF) 7% Cap Rate
Investment Highlights
- 11-Years Remaining | Options To Extend | Scheduled Rental Increases
- Across From Lowe’s Home Improvements | Retail Corridor Nearby National/Credit Tenants
- High Traffic Counts | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- NRD Capital | Strong Operator | Corporate Signed Lease
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Ruby Tuesday investment property located in Crossville, Tennessee. The tenant, Ruby Tuesday, Inc., currently operates under a lease that commenced in December 2017 and runs through December 2037, providing approximately 11 years of remaining term. The lease features scheduled 10% rental increases every five years, including throughout the option periods, supporting long-term NOI growth and offering a hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor. As of December 21, 2017, NRD Capital, an Atlanta-based private equity firm, acquired Ruby Tuesday. Collectively, the team at NRD Capital has been involved in over 20 brands, including Popeyes, Burger King, Subway, and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,118 SF
Building Class
C
Year Built
1998
Price
$3,097,317 CAD
Price Per SF
$605.18 CAD
Cap Rate
7%
NOI
$216,774 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
152 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
200’ on Main St
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087-050.08 | Improvements Assessment | $291,432 CAD |
| Land Assessment | $285,751 CAD | Total Assessment | $577,183 CAD |
Property Taxes
Parcel Number
087-050.08
Land Assessment
$285,751 CAD
Improvements Assessment
$291,432 CAD
Total Assessment
$577,183 CAD
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Ruby Tuesday | 11yrs Remain Corp Abs NNN | 2316 N Main St
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