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Ruby Tuesday 413 N Fruitland Blvd

4,933 SF Retail Building Salisbury, MD 21801 $1,463,000 ($297/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

New 15-Year Lease | Options to Extend | Annual 2% Scheduled Rental Increases
Nearby Salisbury University | Direct Student Consumer Base |Strong Demographics
Outparcel to Walmart Supercenter | Nearby National/Credit Tenants | Increases Consumer Traffic

Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
Signalized Hard Corner Intersection | Excellent Visibility & Access | Prominent Pylon Signage

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Ruby Tuesday investment property located in Salisbury, MD. The tenant, Ruby Tuesday Operations LLC, recently signed a brand new 15-year corporate signed lease with 4 (5-year) options to extend. The lease features 2% annual rental increases every 5 years throughout the initial term and option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.