Ruby Tuesday - Sheffield Village, OH — Sale in Sheffield Village, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Sheffield Village, OH 44035

Photos

Ruby Tuesday - Sheffield Village, OH — Sale in Sheffield Village, OH, photo 1 of 5
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Ruby Tuesday - Sheffield Village, OH — Sale in Sheffield Village, OH, photo 5 of 5

Investment Figures

Cap rate
6.62%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in a Ruby Tuesday property in Sheffield Village, OH. This Ruby Tuesday building is located at 5274 N Abbe Rd, Sheffield Village, OH. The property consists of a single-story 4,914 SF structure that was built in 2000 on a 1.44 AC lot with wood frame construction and triple-net lease with Zero landlord responsibilities. The property is located along N. Abbe Road (24,400 VPD), and less than half a mile from State Highway 254 (31,900 VPD), a major east-west thoroughfare for northern Ohio. The asset is well-positioned as an outparcel to a Sam’s Club and At Home anchored center nearby national/credit tenants include Burlington, ALDI, Dollar General, AutoZone, Harbor Freight Tools, and more, further increasing consumer draw to the trade area. The site is also half a mile north of Lorain County Community College with a student population of 11,500, providing Ruby Tuesday with a large nearby consumer base from which to draw from. The 5-mile trade area is supported by a population of over 131,000 with an average household income exceeding $81,000 and $98,000 in the 1-Mile. Investment Highlights: • ±11.8 Years Remaining | Corporate Guarantee | Absolute NNN |Strategically Located • High Performing Location | Above Average Sales | 75th Percentile Nationwide | 85th Percentile In OH • Dense Population | ±131,908 People within a 5-Mile Radius | Positive Population Growth • Affluent Community | $97,992 Average Household Income within a 1-Mile Radius • Sam's Club and Regal Cinemas Outparcel | Entrance To Center At Pylon Signalized Corner • Cleveland MSA | $173B Annual GDP | $12B In Economic Impact • Nearby National Credit Tenants Include: Burlington, Aldi, McDonalds, Starbucks, and many more • Close Proximity To Midway Mall | 4 Miles | Major Redevelopment Underway Close Proximity To Lorain County Community College | Less Than One Mile | 11,500 Students

Market Context

This food service in Sheffield Village, OH is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Sheffield Village, OH — view the full market.

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