Clinton, NC - Ruby Tuesday
$1,941,000
1118 Sunset Avenue, Clinton, NC 28328
7
Cap Rate
135,890
NOI
Details:
Description:
• More than 11 years of primary lease term remaining, with 4 additional 5-year renewal options, providing stable in-place income and long-term extension potential
• Scheduled 10% rental increases every 5 years and at the beginning of each renewal option support NOI growth and help hedge against inflation
• Situated within a dense retail corridor surrounded by national brands, including Lowe’s, Mavis, and Harbor Freight
• Nearby Sampson Crossing is anchored by Walmart Supercenter and features Five Below, Bath & Body Works, Belk, and other national brands, drawing 3.9M annual visits (Placer.ai)
• These national brands and retail destinations drive traffic throughout the corridor and promote cross-shopping at the subject property
Location
Gallery