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1830 Holiday Dr, Athens, TN, 37303

Ruby Tuesday

$1,964,285

Key Information

Cap Rate
7%
$ per SF
$427
Tot. SF
4,590
Lot Size
0.83 Acres
Year Built
2004
Term Remaining
± 11.2 Years
Type
Retail
Occupancy
100%
NOI
$137,500

Highlights

• Absolute NNN Lease – Passive investment with zero landlord responsibilities, providing predictable, management-free cash flow.
• Corporate Guarantee – The lease is corporately guaranteed by Ruby Tuesday, Inc.
• Strong Hedge Against Inflation – With scheduled 10% rental increases every 5 years, this lease ensures a strong hedge against inflation.
• Demonstrated Commitment to Location – Ruby Tuesday has been at this location since 2004, showing that the company has generated healthy profits here for decades.
• Reported Financials – Strong Unit-level financials are available. Contact broker for details.
• High-Quality Construction – ±4,590 SF freestanding building featuring ample parking, and multiple points of access.
• Near Walmart Supercenter, Interstate 75, Congress Crossing – Situated adjacent to Interstate 75, which sees 39,140 VPD and is a major north/south travelling highway connecting Chattanooga and Knoxville.
• Strong Trade Area – Located in a dense retail corridor with major national credit tenants including Lowe’s Home Improvement, ALDI, Grocery Outlet, Marshalls, Aaron’s, Dollar General, Hibbett Sports, and more.
• Strong Demographics – more the 21,700 residents and 14,600 employees support the trade area. $74,209 average household income.
• DENSO Manufacturing Athens Tennessee, Inc – DENCO is a large auto part manufacturing company, whose United States headquarters is in Athens, TN. The company is publicly traded in Japan and has an annual revenue of close to $47B. In Athens, they employ nearly 2,000 people and have been growing that number YOY since 2018.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203