Ruby Tuesday

3805 Gulf Breeze Parkway, Gulf Breeze, FL 32563

$2,310,000

Cap Rate 6.25%

Views: 87 DOM: 149 Updated: 09.18.24 Posted: 07.25.24 Status: Active

Summary

Price $2,310,000	Built/Renov 2002	Tenant Ruby Tuesday
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,964	Lease Start 12-01-2017	#Units 250
Price/SF $387.32	Expiration 12-01-2037	Tenant Type Casual Dining
NOI $144,404	R. Term 12.11	Ownership Fee Simple
Rent/SF $24.21	Increases 10.0%/5/yrs	Pop 5Mi 26,658
Lot/AC 1.33	Options 4/5yrs/10%	AHHI 5Mi $131,696

Lease Highlights

Ruby Tuesday has 13+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Ruby Tuesday is strategically located at the signalized, hard corner intersection of Gulf Breeze Parkway/US Highway 98 and Avalon Blvd./Florida State Road 281, with access to a combined daily traffic count of 43,500 vehicles. The property is positioned as a pad to a Lowe’s Home Improvement and is adjacent to a Walmart Supercenter. The immediate area features other well-known national tenants,...

...

Key Features

Near major nationals
Shopping Ctr out-parcel
Highway location
Affluent AHHI $100K 5 Mi
Major MSA
Income tax free state
Absolute NNN
Long 10+ yr lease
Corporate Guarantee
Over 1000 units backed

...

Links

Ruby Tuesday Wikipedia Ruby Tuesday Wikipedia Gulf Breeze, Florida Zip Code 32563 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Ruby Tuesday
Guarantor:Corporate
Company:NRD Capital
# Units:250
Stock:Private

About Tenant

Ruby Tuesday Inc. is an American casual dining restaurant chain named after the Rolling Stones’ song of the same name. Founded in 1972, Ruby Tuesday currently owns, operates and franchises casual...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,428	17,477	27,948
2023 Total Population :	5,186	16,610	26,658
2023 Employed Civilian Pop :	2,626	8,473	13,116
2023 Total Businesses :	163	700	1,118
2023 Average Household Income :	$ 140,924	$ 126,019	$ 131,696
2023 Total Consumer Spending :	$ 250 M	$ 733 M	$ 1209 M
2023 Median Age :	46	46	47
2023 Total Households :	2,084	6,792	10,778
2023 Pop Age 25+: Bachelor's Degree :	1,462	3,885	5,827
2023 Average Home Value :	$ 426,793	$ 460,523	$ 491,815

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Gulf Breeze Pkwy	Portside Dr	2009	37,500	0.20 mi
Gulf Breeze Parkway	Gulf Breeze Pkwy	2022	37,500	0.47 mi
Gulf Breeze Pkwy	Breezy Wind Dr	2009	43,500	0.62 mi
Gulf Breeze Parkway	Country Club Rd	2022	39,500	1.00 mi
Soundside Dr	Graceful Ct	2009	900	1.12 mi
Gulf Breeze Pkwy	Oriole Beach Rd	2009	49,000	1.94 mi
Oriole Beach Road	Windward Cove Ct	2022	5,900	1.94 mi
Oriole Beach Road	Oriole Dr	2021	5,900	1.94 mi
Bay St	Oriole Beach Rd	2009	600	2.03 mi
Gulf Breeze Parkway	Mohawk Trl	2021	36,500	2.50 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
50671 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46253 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

...

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT