101 Ella Grasso Tpke
Windsor Locks, CT 06096
Ruby Tuesday · Retail Property For Sale

Ruby Tuesday - Absolute NNN w/ 2% Annual Increases Pegasus Investments, as exclusive investment sale advisor to Seller, is pleased to offer a freestanding single tenant corporate leased Ruby Tuesday (NYSE: RT) restaurant in Windsor Locks (Hartford), Connecticut. The 15-year triple net lease commenced in September 2012. There are approximately 11 years of firm term remaining with (4) 5-year extension periods. The lease is 100% absolute NNN with zero landlord obligations. Rent increases by 2% annually, providing an ample inflationary hedge to the investor. The high performing store, with sales exceeding the average Ruby Tuesday location by 52%, is located in Windsor Locks, a wealthy suburb of Hartford, CT. The average household income within a five mile radius is $95k. The property is located directly across from Bradley International Airport (BDL), which is the key economic driver in the trade area. BDL reported 5.9 million passengers traveling though the airport in calendar year 2015, up slightly over 2014. In 2016 BDL added direct flights to Dublin, Denver and LAX. There are currently $18M of renovations underway with another $230M planned. The airport provides 18,000 full time jobs, $1.2B in wages and $4B in local economic activity, including the hospitality, food & beverage and rental car industries within the immediate area.