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- LoopNet Team
120 International Blvd
Elizabeth, NJ 07201
Ruby Tuesday | 20yr Corp Abs NNN | Rent Incr · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year Lease Signed at Close of Escrow | 10% Rental Increases
- Adjacent to the Mills at Jersey Gardens (1.3MM SF Outlet Mall) | Direct Consumer Base from Neighboring Hotels (939 Rooms)
- Absolute NNN | ZERO Landlord Responsibilities
- Corporate Backed Lease
PROPERTY FACTS
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
ABOUT 120 INTERNATIONAL BLVD , ELIZABETH, NJ 07201
The subject property is located at the signalized, hard corner intersection of International Boulevard and Kapkowski Road, a busy route with daily traffic from the adjacent mall and hotels. Ruby Tuesday is also within half a mile from the on/off ramps to Interstate 95, the most traveled highway on the east coast. The site is strategically located between 5 designated Newark Airport hotels and The Mills at Jersey Gardens outlet mall, maximizing exposure and consumer draw to the restaurant. The mall, known by most as Jersey Gardens, has nearly 1.3MM SF of retail space and is the largest outlet mall in New Jersey anchored by Saks Fifth Avenue, Burlington, Neiman Marcus Last Call, Marshalls, Forever 21, Loews Cineplex Theaters, and Bed Bath & Beyond. The mall has a direct access and exit point allowing drivers to get to the New Jersey Turnpike without driving through local Elizabeth streets, improving traffic flow to the site. Newark Liberty International Airport is located just 1 mile from the Ruby Tuesday and in 2017 was the 15th busiest airport in the U.S. Ruby Tuesday also benefits from a large density of manufacturing and industrial companies which surround the property and serve the Newark/New York metropolitan area. In addition, the asset is within close proximity to the Port of Newark, at one time the busiest container port in the world, moving over $100 billion in goods annually and the primary shipping and container facility for the northeastern quadrant of North America.
