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65 Son-Lan Pky
Garner, NC 27529
Ruby Tuesday · Retail Property For Sale
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
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
B
Year Built
2005
Price
$3,128,107 CAD
Price Per SF
$665.84 CAD
Cap Rate
6.73%
NOI
$210,522 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
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 06E02003X | Improvements Assessment | $1,001,876 CAD |
| Land Assessment | $1,347,165 CAD | Total Assessment | $2,349,041 CAD |
Property Taxes
Parcel Number
06E02003X
Land Assessment
$1,347,165 CAD
Improvements Assessment
$1,001,876 CAD
Total Assessment
$2,349,041 CAD
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