Freestanding Restaurant NNN
1830 Holiday Drive Athens, TN 37303
1830 Holiday Drive, Athens, TN, 37303
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For Sale
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Absolute NNN, corporate-guaranteed Ruby Tuesday fee simple investment with 10% rent increases every five years.
Property Size4,590 SF
Price / SF$460.78
Days on Market51
Property Features for 1830 Holiday Drive
General Information
- Standard status
- Active
- Size
- 4,590 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2004
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Parker Walter · License #CA 02005574
Source
Crexi
Added: Jun 1 Updated: Jul 21 at 7:37AM Checked: Jul 21 at 7:37AM
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
Location Intelligence
Current Use by Public Records
Ruby Tuesday
Restaurant
Similar For Sale Nearby
FAQs
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 $2,115,000.
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.
