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31272465
31272466

1360 Airport Rd, Jacksonville, FL 32218

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$2,624,000
73 days on market
Updated 73 days ago

Ruby Tuesday | Jacksonville, FL

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,370
Cap Rate 6.75%
NOI $177,100
Occupancy 100%
Tenancy Single
Brand/Tenant Ruby Tuesday
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options 4 x 5-year options
Price per SqFt $489
Broker Co-Op Yes
Year Built 2001
Buildings 1
Stories 1
Acreage 1.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2017
Ownership Fee Simple

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

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$177,100.00
$14,758.33/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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