NNN Ground-Leased Restaurant
690 Shaffer Rd Dubois, PA 15801
690 Shaffer Rd, Dubois, PA, 15801
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For Sale
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Ruby Tuesday operates under a triple-net ground lease at a signalized corner with 25,700 vehicles per day exposure.
Property Size5,566 SF
Price / SF$153.97
Days on Market71
Property Features for 690 Shaffer Rd
General Information
- Standard status
- Active
- Size
- 5,566 SF
- Property subtype
- RETAIL
Listing agency
Forged Real Estate
(610) 608-2621
Listed by
Marco DiPrinzio · License #327764
(610) 608-2621
Source
Moodyscre
Added: May 12 Updated: Jul 20 at 7:47PM Checked: Jul 21 at 4:21AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
This NNN ground-leased restaurant pad is operated by Ruby Tuesday under a lease signed by the corporate entity. The structure is a triple-net (NNN) ground lease intended to create a fully passive, hands-off ownership experience with no landlord responsibilities.
The property sits at the signalized intersection of Shaffer Road and Bee Line Highway, providing dominant corner exposure and visibility to a combined 25,700 vehicles per day (VPD). Ruby Tuesday has operated at this location since 2001, and the tenant recently extended the lease by an additional 5 years, reflecting continued commitment to the site.
Annual rent is $60,000. The asset is positioned as a full-service casual dining option within the immediate market, and it is the only Ruby Tuesday location within a 30-mile radius.
The property sits at the signalized intersection of Shaffer Road and Bee Line Highway, providing dominant corner exposure and visibility to a combined 25,700 vehicles per day (VPD). Ruby Tuesday has operated at this location since 2001, and the tenant recently extended the lease by an additional 5 years, reflecting continued commitment to the site.
Annual rent is $60,000. The asset is positioned as a full-service casual dining option within the immediate market, and it is the only Ruby Tuesday location within a 30-mile radius.
Key Highlights
- Ruby Tuesday corporate ground lease is structured as a triple‑net (NNN) lease with no landlord responsibilities
- Signalized corner at Shaffer Road and Bee Line Highway with dominant exposure to 25,700 vehicles per day (VPD)
- Ruby Tuesday has operated at this location since 2001, with a recent 5‑year lease extension
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 | $78.1k | $14.04 |
| − Vacancy | −$8.2k | −$1.47 |
| EGI | $69.9k | $12.57 |
| − OpEx | −$17.5k | −$3.14 |
| NOI | $52.5k | $9.42 |
5,566 SF · lease $14.04/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$749.4K
$655.7K – $874.3K
NOI $52,456 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,921 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Ruby Tuesday operates under a triple-net ground lease at a signalized corner with 25,700 vehicles per day exposure.
Where is this nnn property located?
The property is located at 690 Shaffer Rd Dubois, PA.
What is the asking price?
The asking price for this property is $857,000.
What are key features of this property?
This property features: Ruby Tuesday corporate ground lease is structured as a triple‑net (NNN) lease with no landlord responsibilities; Signalized corner at Shaffer Road and Bee Line Highway with dominant exposure to 25,700 vehicles per day (VPD); Ruby Tuesday has operated at this location since 2001, with a recent 5‑year lease extension
