15yr Abs NNN Corporate Lease | Recent Extension
7.75% Cap | 40,000+ VPD | Low PPSF
Marketing description
Matthews Real Estate Investment Services is pleased to present a prime opportunity to acquire a single-tenant, absolute triple-net (NNN) Ruby Tuesday restaurant located in La Vale, Maryland, a key commercial corridor in Allegany County. The property is leased to Ruby Tuesday Operations LLC under a corporate-guaranteed lease with approximately ±15 years of remaining term, offering long-term income security and peace of mind for passive investors.
The lease features 10% rental increases every 5 years, providing significant income growth over the lease term. With zero landlord responsibilities, this investment is ideally suited for investors seeking a truly passive, inflation-protected income stream backed by a nationally recognized restaurant brand.
Strategically situated in a high-visibility retail corridor adjacent to national retailers such as McDonald’s, Lowe's Home Improvement, KFC, Denny’s, Taco Bell, Starbucks, AutoZone, Dairy Queen, CVS, Bob Evans, Wendy’s, Arby’s, Cracker Barrel, and near major roadways, the location benefits from strong consumer traffic and regional draw, bolstering tenant performance and site stability.
Investment highlights
- ABSOLUTE TRIPLE NET LEASE – The property features an Abs NNN lease with zero landlord responsibilities, offering true passive ownership and ease of ownership.
- CORPORATE GUARANTEE – The lease is corporately guaranteed by Ruby Tuesday, Inc., providing prospective investors with a secure backing behind the lease.
- LONG-TERM LEASE WITH ±15 YEARS REMAINING – The tenant recently executed a lease extension to a 20 year base term, demonstrating their fondness and long-term commitment to this location and the La Vale market.
- STRATEGIC LOCATION IN LA VALE, MD – Located in a thriving commercial hub with nearby national tenants including Walmart, Lowe’s, and Chick-fil-A.
- IDEAL FOR 1031 EXCHANGE – Low-maintenance, income-generating asset ideal for 1031 investors seeking a turnkey replacement property.
- HEAVILY TRAFFICKED AND HIGH VISIBILITY LOCATION - The subject property is strategically located on National Hwy and is exposed to over 43,000 cars per day, ensuring a steady flow of consumer traffic to a highly visible location
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
