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Ruby Tuesday: Clermont, FL 2650 SR 50 5,442 SF Retail Building Clermont, FL 34711 $2,090,000 ($384.05/SF) 4.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Ground Lease
- Long-Term Operating History
- Outparcel to Target-Anchored Shopping Center
- Future Upside Potential
- Excellent Access & Visibility | Frontage Along East Highway 50
- Orlando-Kissimmee-Sanford, FL MSA Advantage (MSA Population: 2.83M+)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the 5,442-square-foot Ruby Tuesday situated on 1.29 acres in Clermont, Florida — part of the Orlando-Kissimmee-Sanford, FL MSA (MSA Population: 2.83M+). Originally set to expire in 2023, Ruby Tuesday exercised the first of four 5-year renewal options. The absolute NNN ground lease now has ±2.9 years of term remaining with 10% rent increases in the three remaining renewal options.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,442 SF
Building Class
C
Year Built
2003
Price
$2,090,000
Price Per SF
$384.05
Cap Rate
4.90%
NOI
$102,487
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.29 AC
Zoning
PUD
Parking
85 Spaces (15.62 Spaces per 1,000 SF Leased)
Frontage
110’ on Sr-50 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-22-26-0800-000-00500 | Improvements Assessment | $494,061 |
| Land Assessment | $1,401,543 | Total Assessment | $1,895,604 |
PROPERTY TAXES
Parcel Number
22-22-26-0800-000-00500
Land Assessment
$1,401,543
Improvements Assessment
$494,061
Total Assessment
$1,895,604
CONTACTS
-
Brian Pfohl -
Christopher Bosworth -
Thomas Carr -
Casey Rosen -
Michael Etemad -
Leah Lindell -
Kaitlyn Wolf -
Abby Kelly -
CBRE
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Ruby Tuesday: Clermont, FL | 2650 SR 50
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