Absolute NNN Ruby Tuesday
For Sale
Contact for pricing
Pending
108 1st Avenue Place, Kearney, NE 68847
Single-tenant restaurant investment with long-term lease coverage, scheduled rent growth, and no landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 108 1st Avenue Place
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Pylon Signage
Yes
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 6:57PM
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 fee-simple property combines ownership of the land and building with an absolute NNN lease to Ruby Tuesday, Inc. The initial lease term has 18 years remaining, followed by four 5-year extension options. Contractual rent increases of 10% occur every 5 years during the initial term and at the start of each option period, while the lease assigns landlord responsibilities to the tenant.
The restaurant sits just off 2nd Ave, where daily traffic is reported at 17,300 vehicles, and the property has a pylon sign visible from Interstate 80, which carries 18,300 VPD. Convenient access to the interstate on- and off-ramps supports the site. Nearby lodging includes Microtel Inn & Suites, Holiday Inn, Best Western, Hampton Inn, American Inn, Quality Inn, and Ramada by Wyndham Kearney. Additional surrounding tenants include Napa Auto Parts and Tractor Supply Co. The 5-mile trade area has more than 36,000 residents and an average household income of $67,000.
The restaurant sits just off 2nd Ave, where daily traffic is reported at 17,300 vehicles, and the property has a pylon sign visible from Interstate 80, which carries 18,300 VPD. Convenient access to the interstate on- and off-ramps supports the site. Nearby lodging includes Microtel Inn & Suites, Holiday Inn, Best Western, Hampton Inn, American Inn, Quality Inn, and Ramada by Wyndham Kearney. Additional surrounding tenants include Napa Auto Parts and Tractor Supply Co. The 5-mile trade area has more than 36,000 residents and an average household income of $67,000.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- Ruby Tuesday, Inc. lease has 18 years remaining in the initial term
- Four 5‑year renewal options follow the initial lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Hotels & Casinos 21%
Dining 7%
Home Improvements & Furnishings 1%
Casey's General Store
Shops & Services
34,635 visits/mo
0.3 miles
Phillips 66
Shops & Services
23,346 visits/mo
0.4 miles
Speedee Mart
Shops & Services
16,378 visits/mo
0.4 miles
AmericInn Lodge and Suites Kearney
Hotels & Casinos
5,923 visits/mo
0.4 miles
Quality Inn
Hotels & Casinos
5,912 visits/mo
0.5 miles
Demographics for 68847, NE
18,458
Population
7,751
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
109.6 sq mi
ZIP Area
168
Density / Sq Mi
$74,877
Median Household Income
$41,263
Median Earnings
$951
Median Rent
$229,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant restaurant investment with long-term lease coverage, scheduled rent growth, and no landlord responsibilities.
Where is this nnn property located?
The property is located at 108 1st Avenue Place Kearney, NE.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; Ruby Tuesday, Inc. lease has 18 years remaining in the initial term; Four 5‑year renewal options follow the initial lease term
