3210 S Horner Blvd
Sanford, NC 27332
Retail Property For Sale

Ruby Tuesday Corp Store w/ 2% Annual Rent Bumps SRS National Net Lease Group is pleased to present the rare opportunity to acquire Ruby Tuesday, a corporate guaranteed, absolute NNN leased investment property located in Sanford, North Carolina. The tenant, Ruby Tuesday, has approximately 10.5 years remaining on the lease, with 4 (5-year) option periods. The lease features 2% annual rental increases throughout the initial term and option periods. The lease is corporate guaranteed by Ruby Tuesday, Inc. and is absolute NNN with zero landlord responsibilities. The subject site is located near the signalized, hard corner intersection of State Route 87 and Wilson Road (combined 43,000 VPD). The asset has excellent visibility & access on a corner site. The site is ideally positioned within a local retail corridor, with nearby national/credit tenants that include: Walmart Supercenter, Lowe' s, Hobby Lobby, Chick-Fil-A, Buffalo Wild Wings, Petco, Marshalls, Ross and more. The 5-mile trade area is supported by a population of 36,543 with an average household income of $50,473.