Ruby Tuesday

4097 U.S. 280, Alexander City, AL

$1,685,000

Price

7.25%

Cap Rate

$122,181

NOI

Overview
Cap Rate
7.25%
NOI
$122,181
Building Size
5,136 sqft
Lot Area
1.27 acres
Year Built
2007
Tenancy
Single
Lease Expire Year
06/30/2040
Description

Both Ruby Tuesdays Available Individually:
-New 20-year absolute NNN corporately guaranteed leases
-Excellent store sales; healthy 8% rent to sales ratio
-1.5% annual rental increases
-Zero landlord responsibilities

Prominent Highway Location: Situated along U.S. Highway 280, the major highway traveling through Alexander City with over 27,000 CPD

3 Miles to Lake Martin (44,000 Acres, $4.7B Economic Impact): Lake Martin is one of the largest man-made lakes in the world with 800 miles of shoreline (Estimated 400,000+ annual visitors)

Major Retail Corridor: Nearby national tenants include Walmart Supercenter, Winn Dixie, Walgreens, Dollar Tree, Tractor Supply, Harbor Freight, McDonald’s, and more

Close Proximity to Montgomery and Birmingham: Alexander City is within the Montgomery-Selma-Alexander City CSA and is 50 miles outside Montgomery and 71 miles from Birmingham

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery