Former Ruby Tuesday - Motivated Seller

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 5,038 SF, freestanding former restaurant located in New Iberia, Louisiana.​ The property is a former Ruby Tuesday, a popular family restaurant which served the city of New Iberia and its many visitors.​ The site is located on a C-2 (General Commercial) zoning district, providing for a wide range of potential uses.​ The site presents an excellent lease-up or redevelopment opportunity in a highly desirable location.​

The property is conveniently located along State Highway 14, which averages 23,000 vehicles per day.​ The site is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Hobby Lobby, Advance Auto Parts, Dollar General, Family Dollar, Office Depot, Aldi, O’Reilly Auto Parts, Walgreens, McDonald’s, and many more.​ Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site.​ In addition, the subject property is located in close proximity to Iberia Middle School (495 students) and Westgate High School (959 students), further increasing consumer traffic to the site.​ The 5-mile trade area is supported by over 41,000 residents and 23,000 employees, providing a direct consumer base from which to draw.​ Residents within a 5-mile radius of the subject property have an average household income of $67,556.​

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  Commercial Land Use | Former Restaurant Site | Broker Fee

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  Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools

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  Ideally Situated Along State Hwy 14 (23,000 VPD) | Excellent Visibility & Access | Large Pylon Sign

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  Strong Demographics in 5-Mile Trade Area