Cap Rate
13.50%
Year Built
1998
Occupancy
100%
Leasable Area
5,223 SF
Term Remaining
0.15 YRS
NOI
$197,628
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed – Ruby Tuesday, Inc. is the guarantor of the lease as the property is currently sublet to Galletto’s Wine Bar & Grill for approximately 1/4 years – Ruby Tuesday, Inc. is one of the largest full service restaurant companies in the world with 687 locations in 44 states and 736 locations in 13 foreign countries
- Excellent Retail Location – The property benefits from over 64,000 vehicles per day on S Kirkman Rd and is surrounded by synergistic retail tenants such as Publix Super Market, The UPS Store, RadioShack, Boston Market, Outback Steakhouse, AutoZone, Bank of America, Chick-fil-A, Burger King, Chase Bank, Five Guys, Panda Express, McDonald’s, Dunkin’ Donuts, Chipotle and FedEx Office Print & Ship Center amongst others
- Outstanding Demographics – There are over 20,000 people in a 1-mile radius, 119,000 people in a 3-mile radius and over 255,000 people in a 5-mile radius with over 11.96% growth in a 1-mile radius, 10.79% growth in a 3-mile radius and 10.47% growth in 5-mile radius
Broker of Record
- Justin Beck
- License No. BK3118299
- (850) 477-7044
- New England Commercial Brokerage, Inc.
- 4900 Bayou Blvd Suite 103 Pensacola,
FL 35202