1120 N Lee Hwy - Restaurant FOR SALE
Lexington, VA 24450 |
$1,811,471 USD
214-295-8753
1120 N Lee Hwy
Lexington, VA 24450
HIGHLIGHTS
- The property features an Abs NNN lease with zero landlord responsibilities, offering true passive ownership and ease of ownership.
- The lease is corporately guaranteed by Ruby Tuesday, Inc., providing prospective investors with a secure backing behind the lease.
- Built-in annual escalations enhance yield and protect against inflation for the long term.
- Located in a well-trafficked area with proximity to I-81, Washington and Lee University, and Virginia Military Institute.
- Low-maintenance, income-generating asset ideal for 1031 investors seeking a turnkey replacement property.
- In February 2026, there will be a 38.6% rental increase, taking an investor’s return to 11.48% if purchased at list price.
FOR SALE DETAILS
PRICE
$1,811,471 USD
PRICE/SF
$320 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ruby Tuesday
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
90
LAND DETAILS
LAND ACRES
1.21 AC
LAND SF
52,708 SF
ZONING
B1
APN/PARCEL ID
61A2-3-A
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-295-8753
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
214-295-8753
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
