Ruby Tuesday

Prime Location within the Raleigh MSA: Garner benefits from its strategic proximity to Raleigh, a core market within the Research Triangle—one of the fastest-growing regions in the U.S., driven by strong technology, healthcare, and education sectors.
Built-In Rent Growth: The lease features fixed 2% annual rent increases, providing consistent income growth and enhancing long-term cash flow stability.
Strong Unit Performance: The property demonstrates strong in-place sales with a rent-to-sales ratio of 7.34%, indicating solid unit-level profitability and supporting long-term tenant viability.
Absolute NNN Lease: The asset is secured by an absolute NNN lease with a corporate guarantee from Ruby Tuesday Operations LLC, offering a passive ownership structure with no landlord responsibilities and dependable income.
High Visibility Location: Positioned along a major retail corridor with traffic counts exceeding 64,000 vehicles per day on Interstate 40, the property benefits from excellent visibility and strong consumer accessibility.
Expansive Site: Situated on a large 1.88-acre parcel, the property offers strong underlying real estate fundamentals, efficient site layout, and long-term redevelopment or alternate-use potential.
Strong Demographics: The immediate area has experienced over 15% population growth in the past decade, with average household incomes exceeding $133,746 within a five-mile radius, supporting sustained retail demand.
Established Retail Node: Surrounded by a dense concentration of national retailers, restaurants, and essential service providers, the property benefits from strong co-tenancy and consistent consumer draw.
Continued Growth & Development: Garner is experiencing ongoing residential and commercial expansion as Raleigh’s growth extends outward, further strengthening traffic patterns and long-term demand fundamentals.

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Gerard Hamas