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Ruby Tuesday 65 Son-Lan Pky 4,698 SF Retail Building Garner, NC 27529 $3,069,540 CAD ($653.37 CAD/SF) 6.73% Cap Rate

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Investment Highlights

Prime Location within the Raleigh MSA: Garner benefits from its strategic proximity to Raleigh, a core market within the Research Triangle
Strong Unit Performance: The property demonstrates strong in-place sales with a rent-to-sales ratio of 7.34%
High Visibility Location: Positioned along a major retail corridor with traffic counts exceeding 64,000 vehicles per day on Interstate 40

Built-In Rent Growth: The lease features fixed 2% annual rent increases, providing consistent income growth and enhancing long-term cash flow
Absolute NNN Lease: The asset is secured by an absolute NNN lease with a corporate guarantee from Ruby Tuesday Operations LLC
Expansive Site: Situated on a large 1.88-acre parcel, the property offers strong underlying real estate fundamentals, efficient site layout

Executive Summary

Broker of Record
Gerard Hamas
License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,698 SF

Building Class

Year Built

2005

Price

$3,069,540 CAD

Price Per SF

$653.37 CAD

Cap Rate

6.73%

NOI

$206,580 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.99 AC

Zoning

I-2

Parking

130 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

80’ on Son-Lan Pky

Freeway Visibility

Pylon Sign

Signage

Major Tenants

Accommodation and Food Services
-
$34.21 CAD
Triple Net
Jun 2028

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.