1230 Virginia Ave - Restaurant FOR SALE


Atlanta, GA 30344
$1,384,000 USD
254-716-4448
1230 Virginia Ave, Atlanta, GA for Sale
$1,384,000 USD
Restaurant - FOR SALE
1/9
null | 4.25% Cap Rate

1230 Virginia Ave
Atlanta, GA 30344


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,384,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CL

APN/PARCEL ID

14 -0130-0003-067-0

ASK ABOUT THIS PROPERTY

John TobenNational Net Lease GroupMore Info
254-716-4448

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John TobenNational Net Lease GroupMore Info
254-716-4448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.