Freestanding Ruby Tuesday
For Sale
Contact for pricing
Pending
2263 Memorial Dr, Waycross, GA 31501
Leased freestanding restaurant property with an absolute NNN structure near a hard corner intersection.
Property SizeContact for details
Days on Market148
Property Features for 2263 Memorial Dr
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
24,900 vehicles/day
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Sep 1 at 8:20PM
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.
A freestanding Ruby Tuesday restaurant investment offering leased fee ownership under an absolute NNN arrangement. The property is currently occupied by Ruby Tuesday Inc. under a long-term lease structure with a stated firm term through December 31, 2037, and tenant termination rights in 2031, along with four (5-year) options to extend. The lease includes variable rental increases throughout the initial term and option periods.
The site is positioned near a signalized, hard corner intersection of Hatcher Point Road and Memorial Drive and is described as having visibility along Memorial Drive, a primary retail thoroughfare in Waycross. It is also identified as an outparcel to The Mall at Waycross Shopping Center, a 380,000+ square foot mall anchored by T.J. Maxx, Planet Fitness, JCPenney, and Belk.
The surrounding retail trade area is further supported by nearby shopping centers and national tenants including anchors and retailers such as Hobby Lobby, Bealls, Dollar General Market, Harbor Freight Tools, Walmart Supercenter, Lowe’s Home Improvement, and additional credit tenants listed in the remarks, including Kroger, Tractor Supply Co., CVS, and Advance Auto Parts.
The site is positioned near a signalized, hard corner intersection of Hatcher Point Road and Memorial Drive and is described as having visibility along Memorial Drive, a primary retail thoroughfare in Waycross. It is also identified as an outparcel to The Mall at Waycross Shopping Center, a 380,000+ square foot mall anchored by T.J. Maxx, Planet Fitness, JCPenney, and Belk.
The surrounding retail trade area is further supported by nearby shopping centers and national tenants including anchors and retailers such as Hobby Lobby, Bealls, Dollar General Market, Harbor Freight Tools, Walmart Supercenter, Lowe’s Home Improvement, and additional credit tenants listed in the remarks, including Kroger, Tractor Supply Co., CVS, and Advance Auto Parts.
Key Highlights
- Leased fee interest (land ownership) in a freestanding Ruby Tuesday property with an absolute NNN structure
- Tenant Ruby Tuesday Inc. has 10 years of firm lease term remaining with lease effective through Dec 31, 2037 and right to terminate in 2031
- Lease includes variable rental increases throughout the initial term and options
Property Analytics
Property Profile
Current Use
Lease Details
24,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
547k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Apparel 18%
Shops & Services 17%
Superstores 17%
Walmart
Superstores
92,764 visits/mo
0.3 miles
Chick-fil-A
Dining
40,585 visits/mo
0.1 miles
T.J. Maxx
Apparel
37,126 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
36,284 visits/mo
0.3 miles
Rural King
Home Improvements & Furnishings
33,414 visits/mo
0.2 miles
Demographics for 31501, GA
14,036
Population
6,867
Households
2
Avg Household Size
40
Median Age
18%
College-Educated
84%
High-School Grad
12.0 sq mi
ZIP Area
1,170
Density / Sq Mi
$37,203
Median Household Income
$30,426
Median Earnings
$752
Median Rent
$100,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- B-Mac's — 2456 Memorial Dr, Waycross, GA 31503
- New Beijing Buffet — 2490 Memorial Dr, Waycross, GA 31503
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased freestanding restaurant property with an absolute NNN structure near a hard corner intersection.
Where is this conventional restaurant located?
The property is located at 2263 Memorial Dr Waycross, GA.
What are key features of this property?
This property features: Leased fee interest (land ownership) in a freestanding Ruby Tuesday property with an absolute NNN structure; Tenant Ruby Tuesday Inc. has 10 years of firm lease term remaining with lease effective through Dec 31, 2037 and right to terminate in 2031; Lease includes variable rental increases throughout the initial term and options
