Columbia, TN - 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 worldwidey

• The subject property is located along S. James Campbell Blvd, a major retail road that averages 30,700 vehicles passing by daily
• The site is an outparcel to a shopping center that is anchored by T.J. Maxx, Ross, Aaron’s, and more
• Other nearby national/credit tenants include Lowe’s, Aldi, Walmart Supercenter, Kroger, Hobby Lobby, CVS, Autozone, and many more
• The asset is in close proximity to Maury Regional Medical Center (305 beds)