Ruby Tuesday 1230 Virginia Ave

6,260 SF Retail Building Atlanta, GA 30344 $1,384,000 ($221.09/SF) 4.25% Cap Rate

INVESTMENT HIGHLIGHTS

  • Over 9 Years Remaining on Lease | Scheduled Rental Increases | Corporate Signed Lease | Well-Known & Established Brand
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Signalized, Hard Corner Intersection | Centralized Location
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Fronting ATL International Airport | Ideal Transit-Zone Location
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area | Affluent Community

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, freestanding, corporate signed, Ruby Tuesday investment property located in Atlanta, GA (East Point). The tenant, Ruby Tuesday Operations, LLC, has over 9 years of firm term remaining with 4 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features schedules rental increases throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation. The lease is signed by a subsidiary of the corporate entity and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1972, Ruby Tuesday is an established casual dining chain with over 200 operating restaurants across 7 countries.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,260 SF
Building Class
B
Year Built
2005
Price
$1,384,000
Price Per SF
$221.09
Cap Rate
4.25%
NOI
$58,815
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.30 AC
Zoning
CL - Commercial Limited
Parking
65 Spaces (10.38 Spaces per 1,000 SF Leased)
Frontage
307’ on Toffie Terrace

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Ruby Tuesday
Waffle House
Blimpie
Starbucks
Salata
Willy's Mexicana Grill

PROPERTY TAXES

  • Listing ID: 34465777

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 1230 Virginia Ave, Atlanta, GA 30344