Absolute NNN Restaurant
For Sale
Contact for pricing
Pending
103 Spring Forest Dr, Mebane, NC 27302
Corporate-guaranteed lease structure transfers operating and property responsibilities away from the landlord.
Property SizeContact for details
Days on Market143
Property Features for 103 Spring Forest Dr
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Parker Walter · License #CA 02005574
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This conventional restaurant property is occupied by Ruby Tuesday Inc. under a corporate-guaranteed absolute NNN lease. The agreement provides 11.5+ years of firm term remaining, followed by 4 (5-year) extension options. Contractual rent growth includes a 16% increase in March 2026 and 2% annual increases during the balance of the initial term and option periods. The structure assigns zero landlord responsibilities.
The property is located at 103 Spring Forest Dr in Mebane, North Carolina, along State Highway 119 and near the Interstate 40 on/off ramps. State Highway 119 carries 8,200 VPD, while the adjacent Interstate 40 ramps serve 86,000 VPD. Lowe’s Home Improvement is directly across the street, and nearby national and credit-oriented businesses include Walmart Supercenter, Food Lion, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, Advance Auto Parts, Dollar General, and Goodwill. Multiple hotels are also located nearby, including Hampton Inn, Holiday Inn Express & Suites, and Fairfield Inn & Suites. The 5-mile trade area has over 41,700 residents and an average household income of $68,729.
The property is located at 103 Spring Forest Dr in Mebane, North Carolina, along State Highway 119 and near the Interstate 40 on/off ramps. State Highway 119 carries 8,200 VPD, while the adjacent Interstate 40 ramps serve 86,000 VPD. Lowe’s Home Improvement is directly across the street, and nearby national and credit-oriented businesses include Walmart Supercenter, Food Lion, Walgreens, CVS Pharmacy, O’Reilly Auto Parts, Advance Auto Parts, Dollar General, and Goodwill. Multiple hotels are also located nearby, including Hampton Inn, Holiday Inn Express & Suites, and Fairfield Inn & Suites. The 5-mile trade area has over 41,700 residents and an average household income of $68,729.
Key Highlights
- Corporate‑guaranteed Ruby Tuesday Inc. tenancy
- Absolute NNN lease with zero landlord responsibilities
- 11.5+ years of firm term remaining
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
60k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 18%
Apparel 10%
Home Improvements & Furnishings 5%
State Employees Credit Union
Shops & Services
14,058 visits/mo
0.3 miles
Dollar General
Shops & Services
11,657 visits/mo
0.4 miles
Truliant Federal Credit Union
Shops & Services
10,380 visits/mo
0.2 miles
Jersey Mike's Subs
Dining
7,420 visits/mo
0.3 miles
Goodwill
Apparel
6,115 visits/mo
0.2 miles
Demographics for 27302, NC
33,237
Population
14,997
Households
2.2
Avg Household Size
40
Median Age
34%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
290
Density / Sq Mi
$81,875
Median Household Income
$45,502
Median Earnings
$1,130
Median Rent
$275,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corporate-guaranteed lease structure transfers operating and property responsibilities away from the landlord.
Where is this conventional restaurant located?
The property is located at 103 Spring Forest Dr Mebane, NC.
What are key features of this property?
This property features: Corporate‑guaranteed Ruby Tuesday Inc. tenancy; Absolute NNN lease with zero landlord responsibilities; 11.5+ years of firm term remaining
