2263 Memorial Dr Waycross, GA 31501

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Patrick R. Luther, CCIM · License #CA License No. 01912215

Source Crexi

Added: Apr 11 Updated: Jul 21 at 4:25PM Checked: Jul 21 at 4:25PM

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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.

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

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FAQs

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