827 S James Campbell Blvd - Restaurant FOR SALE


Columbia, TN 38401
$2,212,000 USD
480-221-4221
827 S James Campbell Blvd, Columbia, TN for Sale
$2,212,000 USD
Restaurant - FOR SALE
1/7
null | 6.25% Cap Rate

827 S James Campbell Blvd
Columbia, TN 38401


HIGHLIGHTS

  • 12+ Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along S. James Campbell Blvd | Nearby Hospital| Outparcel to Shopping Center | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has 12+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation • Ruby Tuesday is now headquartered in Maryville, Tennessee, and has more than 209 locations worldwidey

FOR SALE DETAILS

PRICE

$2,212,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday | 12+yrs Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

CD-4C

APN/PARCEL ID

100O-B-030.00

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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