Absolute Net Leased
580 AL HENDERSON BLVD Savannah, GA 31419
580 AL HENDERSON BLVD, Savannah, GA, 31419
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For Sale
Contact for pricing
Absolute net leased Ruby Tuesday on a 2.59-acre site at a major I-95 and Abercorn Street convergence.
Property Size5,101 SF
Price / SF$358.17
Days on Market77
Property Features for 580 AL HENDERSON BLVD
General Information
- Standard status
- Active
- Size
- 5,101 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agency
Marcus & Millichap - Dallas
(972) 755-5205
Listed by
Vincent Knipp · License #TX 0579633
Source
Crexi
Added: May 6 Updated: Jul 21 at 1:19PM Checked: Jul 21 at 1:19PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Offered for sale is an absolute net leased Ruby Tuesday restaurant with long-term occupancy since 2008. The operating history reflects continued tenant presence under an absolute net lease structure, requiring full responsibility for property-level expenses. The property includes a 2.59-acre site and is presented as a specialty restaurant investment.
The site is positioned at the convergence of Interstate 95 and Abercorn Street, with 108,358 VPD combined, and is located within a dense hospitality corridor surrounded by more than 25 hotels and regional demand drivers.
The offering is structured as an absolute net lease property for investors seeking a stabilized, restaurant-specific asset in a high-traffic retail and lodging environment.
The site is positioned at the convergence of Interstate 95 and Abercorn Street, with 108,358 VPD combined, and is located within a dense hospitality corridor surrounded by more than 25 hotels and regional demand drivers.
The offering is structured as an absolute net lease property for investors seeking a stabilized, restaurant-specific asset in a high-traffic retail and lodging environment.
Key Highlights
- Absolute net leased Ruby Tuesday built in 2002 on a 2.59‑acre site in Savannah, GA
- Tenant operating since 2008 under an absolute net lease requiring full responsibility for property‑level expenses
- 18‑year operating history at this location (tenant since 2008)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.0k | $19.80 |
| − Vacancy | −$5.6k | −$1.09 |
| EGI | $95.4k | $18.71 |
| − OpEx | −$23.9k | −$4.68 |
| NOI | $71.6k | $14.03 |
5,101 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.8K – $1.19M
NOI $71,584 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.77M
$4.17M – $5.56M
NOI $333,705 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ruby Tuesday
Restaurant
MrBeast Burger
Restaurant
Pasta Americana
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Absolute net leased Ruby Tuesday on a 2.59-acre site at a major I-95 and Abercorn Street convergence.
Where is this conventional restaurant located?
The property is located at 580 AL HENDERSON BLVD Savannah, GA.
What is the asking price?
The asking price for this property is $1,827,000.
What are key features of this property?
This property features: Absolute net leased Ruby Tuesday built in 2002 on a 2.59‑acre site in Savannah, GA; Tenant operating since 2008 under an absolute net lease requiring full responsibility for property‑level expenses; 18‑year operating history at this location (tenant since 2008)
