1238 National Hwy - Restaurant FOR SALE
Cumberland, MD 21502 |
$1,951,724 USD
866-889-0550
1238 National Hwy
Cumberland, MD 21502
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.
- Located in a thriving commercial hub with nearby national tenants including Walmart, Lowe’s, and Chick-fil-A.
- Low-maintenance, income-generating asset ideal for 1031 investors seeking a turnkey replacement property.
- The subject property is strategically located on National Hwy and is exposed to over 43,000 cars per day
- The tenant recently executed a lease extension to a 15 year base term, demonstrating their fondness and long-term commitment
FOR SALE DETAILS
PRICE
$1,951,724 USD
PRICE/SF
$343 USD /SF
CAP RATE
7.25%
% 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
2000
SPRINKLERS
-
PARKING SPACES
73
LAND DETAILS
LAND ACRES
1.27 AC
LAND SF
55,133 SF
ZONING
B-Commercial
APN/PARCEL ID
29-031010
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866-889-0550
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866-889-0550
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