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1132 Ravine St
Scranton, PA 18508
Ruby Tuesday · Retail Property For Sale

Investment Highlights

  • Long Term Triple-Net (NNN) Lease | 18 Years Remaining | Zero Landlord Responsibilities
  • Corporate Guarantee | Ruby Tuesday, Inc
  • Ruby Tuesday Has Been in Operation For More than 40 Years
  • Rent Increases | Lesser of 10% Increase Every Five Years or the Change in CPI
  • Four (4), Five (5)-Year Tenant Renewal Option Periods
  • Ruby Tuesday | Over 700 Locations Across 40 States

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,500 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.85 AC

About 1132 RAVINE ST , SCRANTON, PA 18508

This Ruby Tuesday property is located at 1132 Ravine Street in Scranton, Pennsylvania. Ravine Street intersects Scranton Carbondale Highway, which boasts an average daily traffic count of 19,996 vehicles. Scranton Carbondale Highway feeds directly onto Route 81, which brings an additional 54,068 vehicles into the immediate area on average daily. There are more than 49,180 individuals residing within a three-mile radius of the property and more than 130,150 individuals within a five-mile radius. The subject property benefits from being well-positioned in a very dense retail corridor consisting of national and local tenants, academic institutions and shopping centers all within close proximity of this property. Major national tenants in the area include: Walmart, Target, Best Buy, Wegmans, Macy’s, TJ Maxx, Burlington, Sam’s Club, Lowe’s, McDonald’s, Olive Garden, Buffalo Wild Wings, Starbucks, as well as many others. This Ruby Tuesday also benefits from its close proximity to several academic institutions. Most notable are The University of Scranton and Lackawanna Community College, which have a total enrollment exceeding 7,600 students and are located within five miles of the subject property. There are also several shopping centers within close proximity of the subject property, including Viewmont Mall, a shopping center that offers over 70 stores. Additionally, Wilkes-Barre/Scranton International Airport is located approximately 15 miles from the subject property and serves over 530,00 passengers per year. Scranton stands as the sixth-largest city in the state of Pennsylvania and the largest city in the Scranton-Wilkes-Barre-Hazleton, PA Metropolitan Area. In the past few decades, the city has made a significant effort to diversify itself from its Coal Mining roots. Recently, Scranton has revitalized its downtown center in order to better service the businesses in the immediate area. Since the revitalization began, many coffee shops, restaurants, and bars have opened in the downtown, creating a vibrant night-life. The low cost of living, pedestrian-friendly downtown, and the construction of loft-style apartments in older, architecturally significant buildings have attracted young professionals and artists.

Property Taxes

Property Taxes

Parcel Number
1130303001103
Land Assessment
$131,100
Improvements Assessment
$126,810
Total Assessment
$257,910
  • Listing ID: 17449355

  • Date on Market: 10/14/2019

  • Last Updated:

  • Address: 1132 Ravine St, Scranton, PA 18508

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