Freestanding Restaurant NNN
For Sale
Contact for pricing
1830 Holiday Drive, Athens, TN 37303
Absolute NNN, corporate-guaranteed Ruby Tuesday fee simple investment with 10% rent increases every five years.
Property Size4,590 SF
Price / SF$437.25
Days on Market97
Property Features for 1830 Holiday Drive
General Information
Standard status
Active
Size
4,590 SF
Class
B
Total Parking Spaces
116
Property subtype
Retail
Zoning
B-3 Intensive Business District
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$137,500
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Jun 1
Changed: Aug 22
Last Checked: Sep 2 at 10:54AM
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.
SRS National Net Lease is pleased to offer the fee simple interest in an absolute NNN leased, corporate guaranteed Ruby Tuesday property in Athens, Tennessee. The tenant, Ruby Tuesday, Inc., has more than 11 years remaining on the initial term, with four (5-year) options to extend. Lease rent increases of 10% occur every five years throughout the initial term and at the beginning of each option period. The absolute NNN structure is designed to place zero landlord responsibilities on the owner.
The restaurant is located near State Highway 30, averaging 19,500 vehicles passing daily, and adjacent to Interstate 75, which averages 43,900 VPD. The property is also near a Walmart Supercenter and positioned just northwest of Congress Crossing, a 194,000-square-foot shopping center anchored by Hobby Lobby and Dunham’s Sports.
The site sits within a broader primary retail corridor with multiple nearby national/credit tenants, supporting continued consumer access to the area.
The restaurant is located near State Highway 30, averaging 19,500 vehicles passing daily, and adjacent to Interstate 75, which averages 43,900 VPD. The property is also near a Walmart Supercenter and positioned just northwest of Congress Crossing, a 194,000-square-foot shopping center anchored by Hobby Lobby and Dunham’s Sports.
The site sits within a broader primary retail corridor with multiple nearby national/credit tenants, supporting continued consumer access to the area.
Key Highlights
- Fee simple investment in an absolute NNN leased Ruby Tuesday, corporate guaranteed by Ruby Tuesday, Inc.
- Tenant has over 11 years remaining on the initial term with four 5‑year options to extend.
- Lease includes 10% rental increases every 5 years throughout the initial term and at the start of each option period.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
192k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 28%
Hotels & Casinos 13%
Cracker Barrel Old Country Store
Dining
28,329 visits/mo
0.3 miles
Speedway
Shops & Services
22,971 visits/mo
0.5 miles
Wendy's
Dining
19,730 visits/mo
0.3 miles
Mobil
Shops & Services
17,885 visits/mo
0.1 miles
Comfort Inn
Hotels & Casinos
16,015 visits/mo
0.4 miles
Demographics for 37303, TN
25,894
Population
11,460
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
86%
High-School Grad
148.9 sq mi
ZIP Area
174
Density / Sq Mi
$60,874
Median Household Income
$37,996
Median Earnings
$815
Median Rent
$196,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN, corporate-guaranteed Ruby Tuesday fee simple investment with 10% rent increases every five years.
Where is this conventional restaurant located?
The property is located at 1830 Holiday Drive Athens, TN.
What is the asking price?
The asking price for this property is $2,007,000.
What are key features of this property?
This property features: Fee simple investment in an absolute NNN leased Ruby Tuesday, corporate guaranteed by Ruby Tuesday, Inc.; Tenant has over 11 years remaining on the initial term with four 5‑year options to extend.; Lease includes 10% rental increases every 5 years throughout the initial term and at the start of each option period.
