Restaurant For Sale • 4,675 SF
| Absolute NNN Lease: Zero Landlord Responsibilities: The lease is structured as an absolute NNN, offering passive income with no landlord maintenance. |
| Large ±1.90-Acre Parcel: Positioned on a highly desirable parcel with excellent frontage and visibility. |
| Lowes Outparcel: Lowe’s-Anchored Location – Outparcel to a busy Lowe’s, driving consistent customer traffic. |
| Established Tenant with Long-Term Commitment: Ruby Tuesday, a popular national American restaurant, has ±12.1 years remaining. |
| 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). |
| Cap Rate: | 6.50 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Ruby Tuesday | 12/31/2037 |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Tampa International | 35 min | - | 23.4 mi |
| St Pete-Clearwater International | 52 min | - | 33.5 mi |
| Sarasota/Bradenton International | 57 min | - | 40.0 mi |