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Ruby Tuesday 1238 National Hwy 5,732 SF Retail Building Cumberland, MD 21502 $1,825,806 ($318.53/SF) 7.75% Cap Rate
Investment Highlights
- The property features an Abs NNN lease with zero landlord responsibilities, offering true passive ownership and ease of ownership.
- Located in a thriving commercial hub with nearby national tenants including Walmart, Lowe’s, and Chick-fil-A.
- The subject property is strategically located on National Hwy and is exposed to over 43,000 cars per day
- The lease is corporately guaranteed by Ruby Tuesday, Inc., providing prospective investors with a secure backing behind the lease.
- Low-maintenance, income-generating asset ideal for 1031 investors seeking a turnkey replacement property.
- The tenant recently executed a lease extension to a 20 year base term, demonstrating their fondness and long-term commitment
Executive Summary
Broker of Record
Kyle Matthews
License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 664913 (MD)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,732 SF
Building Class
B
Year Built
2000
Price
$1,825,806
Price Per SF
$318.53
Cap Rate
7.75%
NOI
$141,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.27 AC
Zoning
B-Commercial - Commercial
Parking
73 Spaces (12.74 Spaces per 1,000 SF Leased)
Frontage
179’ on National Hwy
Amenities
- Restaurant
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-031010 | Improvements Assessment | $931,700 |
| Land Assessment | $1,102,600 | Total Assessment | $2,034,300 |
Property Taxes
Parcel Number
29-031010
Land Assessment
$1,102,600
Improvements Assessment
$931,700
Total Assessment
$2,034,300
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Ruby Tuesday | 1238 National Hwy
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