Ruby Tuesday NNN
For Sale
Contact for pricing
Pending
413 North Fruitland Boulevard, Salisbury, MD 21801
Corporate-guaranteed restaurant occupancy includes long-term lease protection and scheduled rent increases.
Property SizeContact for details
Days on Market142
Property Features for 413 North Fruitland Boulevard
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 6:21AM
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.
This fee-simple restaurant property includes ownership of both the land and building and is leased to Ruby Tuesday, Inc. under an absolute NNN structure. The new corporate-guaranteed lease provides a 20-year initial term, four 5-year extension options, and 10% rent increases every 5 years during the initial term and at each option period. The structure assigns zero landlord responsibilities under the lease.
Positioned along N. Fruitland Boulevard, the restaurant benefits from access points, street frontage, and a prominent pylon sign on a corridor carrying 17,900 VPD. The building is an outparcel to a 24-hour Walmart Supercenter and adjacent strip center, with additional surrounding retailers including Cato Fashions, Verizon, GameStop, Big Lots, Citi Trends, Food Lion, and Dollar Tree. Salisbury University is 1.5 miles away and has approximately 10,500 students, while the 5-mile trade area includes 69,000 residents with an average household income of $71,700.
Positioned along N. Fruitland Boulevard, the restaurant benefits from access points, street frontage, and a prominent pylon sign on a corridor carrying 17,900 VPD. The building is an outparcel to a 24-hour Walmart Supercenter and adjacent strip center, with additional surrounding retailers including Cato Fashions, Verizon, GameStop, Big Lots, Citi Trends, Food Lion, and Dollar Tree. Salisbury University is 1.5 miles away and has approximately 10,500 students, while the 5-mile trade area includes 69,000 residents with an average household income of $71,700.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- 20‑year corporate‑guaranteed lease with four 5‑year options
- 10% rent increases every 5 years during the initial term and option periods
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
282k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Dining 26%
Shops & Services 19%
Groceries 9%
Walmart
Superstores
89,478 visits/mo
0.2 miles
McDonald's
Dining
32,698 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
24,428 visits/mo
0.5 miles
Royal Farms
Shops & Services
23,281 visits/mo
0.2 miles
Texas Roadhouse
Dining
22,996 visits/mo
0.3 miles
Demographics for 21801, MD
31,183
Population
12,140
Households
2.6
Avg Household Size
37
Median Age
34%
College-Educated
87%
High-School Grad
40.1 sq mi
ZIP Area
778
Density / Sq Mi
$67,140
Median Household Income
$36,290
Median Earnings
$1,058
Median Rent
$286,800
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?
NNN property - Corporate-guaranteed restaurant occupancy includes long-term lease protection and scheduled rent increases.
Where is this nnn property located?
The property is located at 413 North Fruitland Boulevard Salisbury, MD.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; 20‑year corporate‑guaranteed lease with four 5‑year options; 10% rent increases every 5 years during the initial term and option periods
