413 N Fruitland Blvd - Restaurant FOR SALE


Salisbury, MD 21801
$1,463,000 USD
949-698-1105
413 N Fruitland Blvd, Salisbury, MD for Sale
$1,463,000 USD
Restaurant - FOR SALE
1/10
null | 6.15% Cap Rate

413 N Fruitland Blvd
Salisbury, MD 21801


HIGHLIGHTS

  • New 15-Year Lease | Options to Extend | Annual 2% Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
  • Nearby Salisbury University | Direct Student Consumer Base |Strong Demographics
  • Signalized Hard Corner Intersection | Excellent Visibility & Access | Prominent Pylon Signage
  • Outparcel to Walmart Supercenter | Nearby National/Credit Tenants | Increases Consumer Traffic

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,463,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ruby Tuesday

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

F-C4

APN/PARCEL ID

16-036609

ASK ABOUT THIS PROPERTY

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

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