Brewer, ME - Ruby Tuesday

Description:

SRS National Net Lease Group is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Ruby Tuesday investment property located in Brewer, Maine. The tenant, Ruby Tuesday, Inc., recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. As of December 21, 2017, NRD Capital, an Atlanta-based private equity firm, acquired Ruby Tuesday. Collectively, the team at NRD Capital has been involved in with 20 brands, including Popeyes, Burger King, Subway, and more. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Ruby Tuesday is located at the signalized, hard corner intersection of Wilson Drive and Thompson Street (12,700 combined VPD). The site is less than half a mile away from Interstate 395 (14,400 VPD) with direct on/off-ramp access. The Ruby Tuesday is an outparcel to Walmart and located in close proximity to several other national/credit tenants including Lowes, Hannaford Supermarket, Dollar Tree, and more, which increases consumber draw for the subject trade area. The 5-mile trade area is supported by a population of approximately 44,000 with an average household income of $66,000.

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