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301 Ruby Tuesday Lane SW, Fort Payne, AL

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301 Ruby Tuesday Lane SW

Fort Payne, AL 35968-3369

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:5,101 SF Land Area:1.51 AC (65,776 SF)
For Sale Price:$1,719,000 Price/SF:$336.99
Cap Rate:6.00 %
Features:Freeway Visibility, Out Parcel

Sale Notes:
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Ruby Tuesday investment property located in Fort Payne, Alabama. 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 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.

SRS National Net Lease Group
Patrick R Luther
(949) 698-1115

Matthew Mousavi
(949) 698-1116

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