Atlanta, GA - Ruby Tuesday

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, freestanding, corporate signed, Ruby Tuesday investment property located in Atlanta, GA (East Point). The tenant, Ruby Tuesday Operations, LLC, has over 9 years of firm term remaining with 4 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features schedules rental increases throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by a subsidiary of the corporate entity and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1972, Ruby Tuesday is an established casual dining chain with over 200 operating restaurants across 7 countries.

Ruby Tuesday is strategically located along Virginia Avenue with clear visibility and access to an average of 18,000 vehicles passing by daily. The asset benefits from direct access onto Interstate 85 (154,000 VPD), Interstate 75 (379,000 VPD), and several other State/U.S. Highways, making this a centralized location with easy commutes for both employees and customers. The property is ideally situated within a dense retail corridor with many nearby national/credit tenants including Walmart Supercenter, Piggly Wiggly, AutoZone, CVS Pharmacy, and Kroger, among many others. The strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the asset fronts Hartsfield-Jackson Atlanta International Airport, allowing this property to benefit directly from arriving/departing passengers due to its ideal transit-zone location. Furthermore, the property is near numerous single-family communities and multi-family complexes including Clarion Court (118 units), The Atlantic Aerotropolis (269 units), SCP Hapeville (285 units), and more, providing a direct residential consumer base. The 5-mile trade area is supported by over 182,200 residents and 89,200 daytime employees. Residents within one mile of the subject boast an affluent average household income of $104,577.