February 1, 2022 – Rob DiFranco of Horvath & Tremblay has successfully completed the sale of Ruby Tuesday in Henderson, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,546,053.
Ruby Tuesday is located at 101 Exchange Street in Henderson, North Carolina. The stand-alone building consists of 4,910 square feet on 1.71-acres of land. Ruby Tuesday has 12+ years remaining on their Absolute NNN Lease with four, 5-Year renewal options. The lease calls for attractive 2.0% annual increases throughout the base term and renewal options. Ruby Tuesday is located at the signalized intersection of Exchange Street and Dabney Road, the area’s primary commercial corridor. The Property enjoys outstanding visibility and signage and is 500 feet from Interstate 85 and is surrounded by national retailers, including a Walmart Supercenter and the area’s two primary grocery stores (Food Lion and Aldi). Additionally, the Property is 1-mile from the Maria Parham Medical Center, a full-service regional hospital with more than 150 physicians and 102 beds.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.