Ruby Tuesday Freestanding
For Sale
Contact for pricing
Pending
8753 Owenfield Dr, Powell, OH 43065
Absolute NNN structure places landlord responsibilities with the tenant under a corporate-backed lease.
Property SizeContact for details
Days on Market143
Property Features for 8753 Owenfield Dr
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Site & Location
Pylon Signage
Yes
Traffic Count
31,500 vehicles/day
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 11:13AM
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 freestanding Ruby Tuesday restaurant is offered as a fee-simple acquisition of the land and building. The sale includes a new 20-year lease to be executed at closing, with four 5-year extension options. The absolute NNN structure assigns zero landlord responsibilities, while contractual 10% rent increases occur every five years during the initial term and at the start of each option period.
The property fronts U.S. Highway 23 in Powell, a north-south commuter route carrying an average of 31,500 vehicles daily. A large pylon sign serves the site, and the restaurant is positioned among national retailers including Walmart Supercenter, The Home Depot, and Meijer. Kohl’s, ALDI, Giant Eagle, and HomeGoods are also identified nearby, adding to the surrounding retail concentration.
The property fronts U.S. Highway 23 in Powell, a north-south commuter route carrying an average of 31,500 vehicles daily. A large pylon sign serves the site, and the restaurant is positioned among national retailers including Walmart Supercenter, The Home Depot, and Meijer. Kohl’s, ALDI, Giant Eagle, and HomeGoods are also identified nearby, adding to the surrounding retail concentration.
Key Highlights
- New 20‑year lease scheduled at closing with 4 (5‑year) options to extend
- Absolute NNN lease with zero landlord responsibilities
- 10% rental increases every 5 years during the initial term and each option period
Property Analytics
Property Profile
Current Use
Lease Details
31,500 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 39%
Dining 31%
Shops & Services 29%
Verizon
Electronics
1,519 visits/mo
0.5 miles
Jet's Pizza
Dining
1,216 visits/mo
0.5 miles
Storage Rentals of America
Shops & Services
706 visits/mo
0.3 miles
Havoline Xpress Lube
Shops & Services
426 visits/mo
0.4 miles
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Absolute NNN structure places landlord responsibilities with the tenant under a corporate-backed lease.
Where is this conventional restaurant located?
The property is located at 8753 Owenfield Dr Powell, OH.
What are key features of this property?
This property features: New 20‑year lease scheduled at closing with 4 (5‑year) options to extend; Absolute NNN lease with zero landlord responsibilities; 10% rental increases every 5 years during the initial term and each option period
