Ruby Tuesday Restaurant
For Sale
Contact for pricing
Pending
301 Ruby Tuesday Ln, Fort Payne, AL 35967
Absolute NNN restaurant lease with corporate backing, scheduled escalations, and no landlord responsibilities.
Property SizeContact for details
Days on Market42
Property Features for 301 Ruby Tuesday Ln
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
35,500 vehicles/day
Highway Access
Yes
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 5:56PM
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.
The property consists of the land and building leased to Ruby Tuesday under an absolute NNN structure with a corporate guarantee. The initial lease term has 18 years remaining, followed by 4 five-year extension options. Contractual rent increases of 10% occur every 5 years during the initial term and at the start of each option period. The absolute NNN structure assigns zero landlord responsibilities under the lease.
Located at 301 Ruby Tuesday Ln in Fort Payne, Alabama, the restaurant sits near State Highway 35 and the 59 Freeway, with combined traffic of 35,500 vehicles per day. Highway 59 provides 19,100 vehicles per day and connects 54 miles north to Chattanooga. The site is an outparcel to a center with Dunham’s Sports, Dollar Tree, Badcock & More Home Furniture, and Cracker Barrel. DeKalb Medical Center is 0.6 miles away, and nearby national tenants include Walmart Supercenter, Lowe’s Home Improvement, Walgreens, and Tractor Supply Co.
Located at 301 Ruby Tuesday Ln in Fort Payne, Alabama, the restaurant sits near State Highway 35 and the 59 Freeway, with combined traffic of 35,500 vehicles per day. Highway 59 provides 19,100 vehicles per day and connects 54 miles north to Chattanooga. The site is an outparcel to a center with Dunham’s Sports, Dollar Tree, Badcock & More Home Furniture, and Cracker Barrel. DeKalb Medical Center is 0.6 miles away, and nearby national tenants include Walmart Supercenter, Lowe’s Home Improvement, Walgreens, and Tractor Supply Co.
Key Highlights
- 18 years remaining in the initial lease term
- 4 five‑year extension options follow the initial term
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
35,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35967, AL
17,233
Population
7,825
Households
2.2
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
127.0 sq mi
ZIP Area
136
Density / Sq Mi
$48,125
Median Household Income
$32,051
Median Earnings
$678
Median Rent
$155,700
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 restaurant lease with corporate backing, scheduled escalations, and no landlord responsibilities.
Where is this conventional restaurant located?
The property is located at 301 Ruby Tuesday Ln Fort Payne, AL.
What are key features of this property?
This property features: 18 years remaining in the initial lease term; 4 five‑year extension options follow the initial term; Absolute NNN lease with zero landlord responsibilities
