Ruby Tuesday

Trophy Location: The Property offers a rare opportunity to enter one of Rock Hill’s most sought-after retail corridors, where available acquisition opportunities are extremely limited. This high barrier to entry underscores the long-term value and desirability of the location.
Early 5-Year Extension: The tenant has proactively exercised an early 5-year lease extension, demonstrating strong commitment to the site and reinforcing the location’s strategic importance for retail operations. The corporate guarantee further enhances the security of the income.
Strong Traffic Counts: Positioned on the hard, signalized corner of Dave Lyle Blvd and Galleria Blvd, the Property benefits from exceptional visibility and access. This high-traffic intersection sees over ±41,000 vehicles per day, providing consistent consumer exposure.
Built-In Rent Growth: The lease structure includes 2% annual rent increases, providing predictable income growth and enhancing long-term cash flow and investment performance.
Charlotte, NC MSA: Rock Hill is a rapidly growing suburb within the Charlotte MSA, located just 30 minutes south of downtown Charlotte and Charlotte Douglas International Airport—one of the nation’s busiest hubs, serving over 53 million passengers annually.
Strong Population Growth: Rock Hill has experienced steady population growth over the past decade, driven by its proximity to Charlotte and ongoing in-migration. This expanding population base supports continued demand for retail and dining concepts.
Favorable Demographic Trends: The surrounding area has seen consistent increases in household income, with median household income exceeding approximately $75,000 within a 5-mile radius. These strong demographics support robust consumer spending and long-term tenant success.
Ongoing Development Pipeline: The Property is surrounded by significant ongoing development, including new retail centers, residential communities, and mixed-use projects. These developments are driving increased traffic, enhancing visibility, and contributing to the overall economic growth of the trade area.

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Kyle Matthews