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1238 National Hwy, La Vale, MD, 21502

Ruby Tuesday
$1,951,724

Key Information

Cap Rate
7.25%
$ per SF
$340
Tot. SF
5,732
Year Built
2000
Term Remaining
±15 YRS
Type
Retail
NOI
$141,500

Highlights

ABSOLUTE TRIPLE NET LEASE

  • The property features an Abs NNN lease with zero landlord responsibilities, offering true passive ownership and ease of ownership.

CORPORATE GUARANTEE

  • The lease is corporately guaranteed by Ruby Tuesday, Inc., providing prospective investors with a secure backing behind the lease.

LONG-TERM LEASE WITH ±15 YEARS REMAINING

  • The tenant recently executed a lease extension to a 15 year base term, demonstrating their fondness and long-term commitment to this location and the La Vale market.

STRATEGIC LOCATION IN LA VALE, MD

  • Located in a thriving commercial hub with nearby national tenants including Walmart, Lowe’s, and Chick-fil-A.

IDEAL FOR 1031 EXCHANGE

  • Low-maintenance, income-generating asset ideal for 1031 investors seeking a turnkey replacement property.

HEAVILY TRAFFICKED AND HIGH VISIBILITY LOCATION

  • The subject property is strategically located on National Hwy and is exposed to over 43,000 cars per day, ensuring a steady flow of consumer traffic to a highly visible location

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203