Ruby Tuesday - Riverview, FL

Absolute NNN Lease: Zero Landlord Responsibilities: The lease is structured as an absolute NNN, offering passive income with no landlord maintenance obligations.
Large ±1.90-Acre Parcel: Positioned on a highly desirable parcel with excellent frontage and visibility, the property benefits from strong traffic flow in a dense retail corridor.
Lowes Outparcel: Lowe’s-Anchored Location – Outparcel to a busy Lowe’s, driving consistent customer traffic and providing synergy from a nationally recognized brand.
Established Tenant with Long-Term Commitment: Ruby Tuesday, a popular national American restaurant, has ±12.1 years remaining on their current term with four 5-year renewal options.
Corporate Guarantee: Lease backed by RUBY TUESDAY, INC., providing strong credit and financial stability.
Attractive Rental Increases: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation. Next bump occurs on January 1st, 2028, bringing the cap rate to a 7.15%.
Heavy Parking Ratio: The ±4,675 SF building sits on ±1.90 acres with 93 parking spaces (19.9 spaces per ±1,000 SF), ideal for restaurant operations and customer convenience.

Navigation Menu