1830 Holiday Dr - Restaurant FOR SALE


Athens, TN 37303
$2,007,000 USD
949-270-8206
1830 Holiday Dr, Athens, TN for Sale
$2,007,000 USD
Restaurant - FOR SALE
1/9
null | 6.85% Cap Rate

1830 Holiday Dr
Athens, TN 37303


HIGHLIGHTS

  • Over 11 Years Remaining | Corporate Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Walmart Supercenter | Interstate 75 (43,900 VPD) |Congress Crossing (194,000 SF) | Strong Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease 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 Athens, Tennessee. The tenant, Ruby Tuesday, Inc has over 11 years remaining on their initial term with 4 (5-year) options to extend, demonstrating their commitment to the site. 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.

FOR SALE DETAILS

PRICE

$2,007,000 USD

PRICE/SF

$437 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday | Abs NNN | Corp Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

116

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

B3

APN/PARCEL ID

046 23100

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.