Absolute NNN Ruby Tuesday
2316 N Main St Crossville, TN 38555
For Sale
Contact for pricing
Fee simple sale of an absolute NNN Ruby Tuesday property with a lease running through December 2037.
Property Size5,118 SF
Price / SF$443.14
Days on Market94
Property Features for 2316 N Main St
General Information
- Standard status
- Active
- Size
- 5,118 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Susan Harris · License #CA 01291642
Source:
Crexi
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 24 at 4:09PM
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 Group is offering a fee simple ownership interest in an absolute NNN leased Ruby Tuesday restaurant property in Crossville, Tennessee. The tenant, Ruby Tuesday, Inc., operates under a lease that commenced in December 2017 and is scheduled to run through December 2037. The lease calls for scheduled 10% rental increases every five years, including throughout the option periods.
The property is described as an absolute NNN structure with zero landlord responsibilities, designed to provide a management-light investment approach for an owner.
Under the current lease, the remaining term is approximately 11 years, supporting long-term contracted income per the lease structure provided.
The property is described as an absolute NNN structure with zero landlord responsibilities, designed to provide a management-light investment approach for an owner.
Under the current lease, the remaining term is approximately 11 years, supporting long-term contracted income per the lease structure provided.
Key Highlights
- Fee simple ownership (land and building) of an absolute NNN leased Ruby Tuesday property
- Tenant: Ruby Tuesday, Inc.; lease commenced December 2017 and runs through December 2037
- Approximately 11 years of remaining lease term at the time of the provided information
Property Analytics
Location Intelligence
Current Use by Public Records
Ruby Tuesday
Restaurant
Pardon My Cheesesteak
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Fee simple sale of an absolute NNN Ruby Tuesday property with a lease running through December 2037.
Where is this conventional restaurant located?
The property is located at 2316 N Main St Crossville, TN.
What is the asking price?
The asking price for this property is $2,268,000.
What are key features of this property?
This property features: Fee simple ownership (land and building) of an absolute NNN leased Ruby Tuesday property; Tenant: Ruby Tuesday, Inc.; lease commenced December 2017 and runs through December 2037; Approximately 11 years of remaining lease term at the time of the provided information
