Ruby Tuesday | Jacksonville, FL
6.75% CAP | CORP ABS NNN
Investment highlights
LONG-TERM CORPORATE NNN LEASE WITH BUILT-IN GROWTH
11 years remaining on a 20- year corporate lease with 10% rent increases every 5 years and throughout option periods
Absolute NNN structure with zero landlord responsibilities
RETAINED THROUGH BANKRUPTCY (TOPPERFORMING UNIT)
Lease was assumed through Chapter 11 restructuring, with the company eliminating underperforming locations and retaining this site — a direct indicator of relative unit performance
STRONG SUNBELT GROWTH MARKET WITH FAVORABLE DEMOGRAPHICS
Jacksonville is one of Florida’s fastest-growing metros, benefiting from sustained in-migration, a diversified employment base, and no state income tax, driving long-term population and economic growth across the region
IRREPLACEABLE I-95 / AIRPORT NODE
Direct access to I-95 (82,500 VPD) and Airport Road (16,900 VPD), located approximately 1.5 miles from Jacksonville International Airport (~7 million annual passengers)
AIRPORT-DRIVEN DEMAND + HOTEL DENSITY
Surrounded by 10+ flagged hotels (2,000+ rooms) within a half-mile radius, creating consistent, nondiscretionary dining demand from travelers and staff
PROXIMITY TO RIVER CITY MARKETPLACE
Located 1.3 miles from a dominant 850,000 SF power center anchored by Walmart, Lowe’s, and Best Buy, with a dense lineup of national retailers and restaurants
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