Triple-Net Ruby Tuesday
1238 National Hwy Lavale, MD 21502
1238 National Hwy, Lavale, MD, 21502
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For Sale
Contact for pricing
Single-tenant absolute triple-net Ruby Tuesday with a corporate-guaranteed lease and approximately 15 years remaining.
Property Size5,732 SF
Price / SF$318.53
Days on Market96
Property Features for 1238 National Hwy
General Information
- Standard status
- Active
- Size
- 5,732 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
Matthews
Listed by
Kyle Matthews, CCIM · License #20170883
Source
Crexi
Added: Apr 17 Updated: Jul 20 at 5:41PM Checked: Jul 20 at 5:41PM
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
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $196.0k | $34.20 |
| − Vacancy | −$22.2k | −$3.88 |
| EGI | $173.8k | $30.32 |
| − OpEx | −$43.5k | −$7.58 |
| NOI | $130.4k | $22.74 |
5,732 SF · lease $34.20/SF/yr · vacancy 11.34% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ruby Tuesday
Restaurant
Similar For Sale Nearby
FAQs
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
