1830 Holiday Drive, Athens, TN 37303

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Ruby Tuesday investment property located in Athens, Tennessee. The tenant, Ruby Tuesday, Inc has over 11 years remaining on their initial term with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Ruby Tuesday is located near State Highway 30, which averages 19,500 vehicles passing by daily and serves as a major retail thoroughfare for the city of Athens. In addition, the property is situated adjacent to Interstate 75 (43,900 VPD), a major north/south travelling highway connecting Chattanooga and Knoxville. Furthermore, the asset is positioned just the down the road near a Walmart Supercenter, which helps draw a significant amount of consumers to the trade area. Moreover, the site is northwest of Congress Crossing, a 194,000 square foot shopping center anchored by Hobby Lobby, Dunham’s Sports, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Lowe’s Home Improvement, ALDI, Grocery Outlet, Marshalls, Aaron’s, Dollar General, Hibbett Sports, and more, further increasing consumer traffic to the site. Strong tenant synergy promotes crossover shopping to the subject property. The 5-mile trade area is supported by a population of over 21,700 with an average household income of $74,209.