Ruby Tuesday

258 Highway 78 West, Jasper, AL

$1,338,000

Price

6.5%

Cap Rate

$86,970

NOI

Overview
Cap Rate
6.5%
NOI
$86,970
Building Size
4,728 sqft
Lot Area
1.73 acres
Lease Type
Triple Net
Year Built
1990
Tenancy
Single
Lease Expire Year
12/31/2037
Description

Single-Tenant Absolute NNN Ruby Tuesday:
-Corporately guaranteed lease backed by 460 locations
-18 years remain on initial 20-year term
-Absolute NNN investment with zero landlord responsibilities
-Healthy 8.25% rent-to-sales ratio
-Extremely low rent and price point
-Includes land and building, allowing for depreciation
-Ruby Tuesday had $721 million in sales in 2018 and ranks #67 in the Top 500 Restaurant Chains in 2019
-Ruby Tuesday is owned by NRD Capital who boasts over 75 years of operating history and $1.5 billion in annual revenue

Excellent Retail Trade Area: Surrounding tenants include 24-Hour Walmart, Home Depot, ALDI, T.J.Maxx, Planet Fitness, Big Lots, Tractor Supply Co, Save A Lot, Hobby Lobby, Petco, Five Below, Walgreens, CVS/pharmacy, Winn Dixie, Dollar Tree, Autozone, Chick-Fil-A, and McDonald's

High Traffic Corridor: Located on Highway 78 with over 24,000 cars per day

Strong South-East Demographics: $69,000 average household income within a 1-mile radius of the property and over 65,000 people in the county

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery