Ruby Tuesday - Sheffield Village, OH
Corporate Guarantee | Long Term Lease | High Visibility | Affluent Community
Marketing description
Marcus & Millichap is pleased to offer for sale the fee simple interest in a Ruby Tuesday property in Sheffield Village, OH.
This Ruby Tuesday building is located at 5274 N Abbe Rd, Sheffield Village, OH. The property consists of a single-story 4,914 SF structure that was built in 2000 on a 1.44 AC lot with wood frame construction and triple-net lease with Zero landlord responsibilities. The property is located along N. Abbe Road (24,400 VPD), and less than half a mile from State Highway 254 (31,900 VPD), a major eastwest thoroughfare for northern Ohio. The asset is well-positioned as an outparcel to a Sam’s Club and At Home anchored center nearby national/credit tenants include Burlington, ALDI, Dollar General, AutoZone, Harbor Freight Tools, and more, further increasing consumer draw to the trade area. The site is also half a mile north of Lorain County Community College with a student population of 11,500, providing Ruby Tuesday with a large nearby consumer base from which to draw from. The 5-mile trade area is supported by a population of over 131,000 with an average household income exceeding $81,000 and $98,000 in the 1-Mile.
Investment highlights
• ±11.8 Years Remaining | Corporate Guarantee | Absolute NNN | Strategically Located
•High Performing Location | Above Average Sales | 75thPercentile Nationwide | 85th Percentile In OH
• Dense Population | ±131,908People within a 5-Mile Radius | Positive Population Growth
• Affluent Community | $97,992 Average Household Income within a 1-Mile Radius
• Sam’s Club and Regal Cinemas Outparcel | Entrance To Center At Pylon Signalized Corner
• Cleveland MSA | $173B Annual GDP | $12B In Economic Impact
• Nearby National Credit Tenants Include: Burlington, Aldi, McDonalds, Starbucks, and many more
• Across US Department Of Veteran Affairs Community-Based Outpatient Clinic
• Close Proximity To Midway Mall | 4Miles | Major Redevelopment Underway
• Close Proximity To Lorain County Community College | Less Than One Mile | 11,500 Students
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