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Ruby Tuesday 580 Al Henderson Blvd 5,101 SF Retail Building Savannah, GA 31419 $1,827,000 ($358.17/SF) 8.50% Cap Rate
Investment Highlights
- Absolute Net Lease With 1.7 Years Remaining | 18-Year Operating History
- Located Near the Interstate 95 Interchange With Abercorn Street (108,358 VPD Combined)
- Affluent Trade Area With $101,700 Average Household Income and Strong Population Growth (5-Mile Radius)
- Large 2.59-Acre Site
- Positioned Within Dense Hospitality Corridor With 25+ Hotels
- Ruby Tuesday: 210+ Locations Nationwide With Strong Southeast Presence
Executive Summary
Offered for sale is an absolute net leased Ruby Tuesday located in Savannah, Georgia. The tenant has operated at this location since 2008 under an absolute net lease requiring full responsibility for all property-level expenses, with an 18-year operating history. The 2.59-acre site is positioned at the convergence of Interstate 95 and Abercorn Street (108,358 VPD combined) within a dense hospitality corridor surrounded by more than 25 hotels and regional demand drivers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,101 SF
Building Class
C
Year Built
2002
Price
$1,827,000
Price Per SF
$358.17
Cap Rate
8.50%
NOI
$155,232
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.59 AC
Zoning
PBC
Frontage
368’ on Al Henderson Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1102801069 | Improvements Assessment | $235,720 |
| Land Assessment | $87,120 | Total Assessment | $322,840 |
Property Taxes
Parcel Number
1102801069
Land Assessment
$87,120
Improvements Assessment
$235,720
Total Assessment
$322,840
Contacts
-
Vincent Knipp -
Ryan Wolf -
Luke Sullivan -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Ruby Tuesday | 580 Al Henderson Blvd
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