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31119250
31119251

5274 Abbe Rd N, Elyria, OH 44035

JU
CA CA 01512755
JTU Net Lease Group
EO
CA 02138496
Listed by JTU Net Lease Group
$1,950,000
99 days on market
Updated 0 days ago

Ruby Tuesday - Sheffield Village, OH

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,914
Units 1
Cap Rate 7.86%
NOI $153,320
Occupancy 100%
Tenancy Single
Brand/Tenant Ruby Tuesday
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $397
Class B
Year Built 2000
Buildings 1
Stories 1
Acreage 1.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/21/2017
Ground Lease No
Sale Condition 1031 exchange

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

Listing Contacts

JU
CA CA 01512755
JTU Net Lease Group
EO
CA 02138496
Listed by JTU Net Lease Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$153,320.00
$12,776.67/mo

Valuation Metrics

0
DSCR
7.86%
Cap Rate
7.86%
ROI

Map

Zoning

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C-2 CommercialSpecial CommercialOffice And Limited Retail
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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