Columbia, SC - Ruby Tuesday

Description:

• The tenant currently has 12+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Ruby Tuesday is now headquartered in Maryville, Tennessee, and has more than 209 locations worldwide

• The subject property is located at the signalized, hard corner intersection of Garners Ferry Rd and Patterson Rd, which combined average 44,800 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 77, a major thoroughfare that averages 70,200 vehicles passing by daily
• The asset is located in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Target, Walmart Supercenter, Aldi, and more
• The subject property is in close proximity to William Jennings Bryan Dorn Veteran Affairs Medical Center (306 beds)