2316 N Main St - Restaurant FOR SALE


Crossville, TN 38555
$2,268,000 USD
646-530-8370
2316 N Main St, Crossville, TN for Sale
$2,268,000 USD
Restaurant - FOR SALE
1/12
null | 7% Cap Rate

2316 N Main St
Crossville, TN 38555


HIGHLIGHTS

  • 11-Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Across From Lowe’s Home Improvements | Retail Corridor Nearby National/Credit Tenants
  • NRD Capital | Strong Operator | Corporate Signed Lease
  • High Traffic Counts | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

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, Ruby Tuesday investment property located in Crossville, Tennessee. The tenant, Ruby Tuesday, Inc., currently operates under a lease that commenced in December 2017 and runs through December 2037, providing approximately 11 years of remaining term. The lease features scheduled 10% rental increases every five years, including throughout the option periods, supporting long-term NOI growth and offering a hedge against inflation. The lease is structured as absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor. 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 over 20 brands, including Popeyes, Burger King, Subway, and more.

FOR SALE DETAILS

PRICE

$2,268,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday | 11yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

152

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

Commercial

APN/PARCEL ID

087-050.08

ASK ABOUT THIS PROPERTY

Susan HarrisSRS Real Estate PartnersMore Info
646-530-8370

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Susan HarrisSRS Real Estate PartnersMore Info
646-530-8370

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