Triple-Net Ruby Tuesday
For Sale
Contact for pricing
Pending
1238 National Hwy, Lavale, MD 21502
Single-tenant absolute triple-net Ruby Tuesday with a corporate-guaranteed lease and approximately 15 years remaining.
Property Size5,732 SF
Days on Market183
Property Features for 1238 National Hwy
General Information
Standard status
Pending
Size
5,732 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$141,500
Building Details
Year Built
2000
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Kyle Matthews, CCIM · License #20170883
Source:
Crexi
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 20 at 8:44PM
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 Matthews
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Investment Insights
Based on property information with market context.
This is a single-tenant, absolute triple-net (NNN) Ruby Tuesday restaurant investment. The property is leased to Ruby Tuesday Operations LLC under a corporate-guaranteed lease with approximately 15 years of remaining term. Rental increases are structured at 10% every five years, designed to provide scheduled rent growth over the lease term.
The restaurant is located on National Hwy in La Vale, Maryland, within a high-visibility retail corridor in Allegany County. The area is adjacent to numerous national retailers, including McDonald’s, Lowe’s Home Improvement, KFC, Denny’s, Taco Bell, Starbucks, AutoZone, Dairy Queen, CVS, Bob Evans, Wendy’s, Arby’s, Cracker Barrel, and near major roadways.
The restaurant is located on National Hwy in La Vale, Maryland, within a high-visibility retail corridor in Allegany County. The area is adjacent to numerous national retailers, including McDonald’s, Lowe’s Home Improvement, KFC, Denny’s, Taco Bell, Starbucks, AutoZone, Dairy Queen, CVS, Bob Evans, Wendy’s, Arby’s, Cracker Barrel, and near major roadways.
Key Highlights
- Single‑tenant Ruby Tuesday restaurant built in 2000 in La Vale, Maryland
- Absolute triple‑net (NNN) lease structure with zero landlord responsibilities
- Leased to Ruby Tuesday Operations LLC under a corporate‑guaranteed lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,353
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,607,060
$2.6M
Cap Rate 7%
$1,862,186
$1.9M
Cap Rate 9%
$1,448,367
$1.4M
Market Conditions
NOI Build-Up for 5,732 SF
Gross rent
$196.0K $34.20/SF
− Vacancy
−$22.2K −$3.88/SF
EGI
$173.8K $30.32/SF
− OpEx
−$43.5K −$7.58/SF
NOI
$130.4K $22.74/SF
Area
Allegany County, MD
Vacancy
11.34%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,607,060
Cap Rate 7%
$1,862,186
Cap Rate 9%
$1,448,367
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,353 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,801 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
533k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 32%
Home Improvements & Furnishings 14%
Apparel 8%
Chick-fil-A
Dining
57,929 visits/mo
0.4 miles
Sheetz
Shops & Services
57,203 visits/mo
0.4 miles
Gabe's
Shops & Services
43,499 visits/mo
0.3 miles
Martin's Food Market
Groceries
39,342 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
38,435 visits/mo
0.4 miles
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant absolute triple-net Ruby Tuesday with a corporate-guaranteed lease and approximately 15 years remaining.
Where is this nnn property located?
The property is located at 1238 National Hwy Lavale, MD.
What is the asking price?
The asking price for this property is $1,825,806.
What are key features of this property?
This property features: Single‑tenant Ruby Tuesday restaurant built in 2000 in La Vale, Maryland; Absolute triple‑net (NNN) lease structure with zero landlord responsibilities; Leased to Ruby Tuesday Operations LLC under a corporate‑guaranteed lease
