2003 E Dixon Blvd
Shelby, NC 28152
Ruby Tuesday · Retail Property For Sale

Proximity to Major Economic Development: The Property is strategically located only 8.9 miles from the new Two Kings Casino project, a transformative $1.25 billion economic development expected to generate significant consumer demand and drive increased traffic to the surrounding area.
Ruby Tuesday in NC (Placer.ai data): The Property ranks as the #3 busiest Ruby Tuesday in the state of NC, and in the 81st percentile nationally, for trailing 12 month customer foot traffic counts, demonstrating this location’s strong consumer demand and excellent customer rapport.
Zero Landlord Responsibilities: Structured as an Absolute Net lease, this property gives investors the opportunity to generate stable returns with zero landlord responsibilities.
Near Term NOI Upside: The Property offers a compelling near-term income growth opportunity, with a scheduled 10% rent increase effective January 1, 2028 increasing annual NOI to $155,531, representing a 7.00% effective cap rate and providing investors with enhanced cash flow and built-in upside.
Strong Lease Terms: ±11.4 years remaining on the initial lease term with an additional 20 years in option periods, along with the scheduled 10% rent increases every five years, ensure long-term reliable income and cash flow stability.
Prime Cleveland Mall Outparcel: Strategically located on E Dixon Blvd (±36,000 VPD) as an outparcel to the Cleveland Mall, one of Shelby’s primary retail and commercial hubs, the Property benefits from excellent visibility, superb traffic counts, and proximity to established national retailers, restaurants, and other major commercial destinations.