Ruby Tuesday

Ruby Tuesday

Ruby Tuesday
21301 Town Commons Drive
Estero, Florida 33928


Cap Rate 6.07%
Gross Leasable Area (GLA) 5,423 Sq.Ft.
Price Per Square Foot (GLA) $368
Year Built 2007
Lot Size 1.60 Acres
  • Corporate Guaranteed Lease
  • Outparcel to Lowe's
  • 38,000+ Average Daily Traffic
  • Exceptional Rent to Sales Ratio of 6.58%
  • Proven Location With 10+ Year Operating History
  • Estero is the Fastest Growing City in Southwest Florida
  • 12 Percent Rent Increase at Start of the First Option Period
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Ruby Tuesday (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present for sale this absolute-net leased, fee-simple Ruby Tuesday. This well-located Ruby Tuesday is just 0.4 miles from Interstate 75 in Estero, Florida. This location has a corporate guarantee from Ruby Tuesday, Inc, operator of 599 locations and recently acquired by NRD Capital – a very successful private equity firm.

Ruby Tuesday has 4.5 years and four, 5-year option periods remaining on their original 15-year lease. This location has an exceptionally high sales volume with a 6.58 percent rent-to-sales ratio, positioning this location for long-term success.

Located between the cities of Ft. Myers and Naples, two rapidly growing areas, Estero itself is projected to experience massive growth in the coming years as these two growth fronts converge. The subject property is perfectly positioned among the area’s three major tourist destination outdoor shopping malls, Coconut Point, Miromar Outlets and Gulf Coast Town Center. This restaurant is an outparcel to the Lowe’s Home Improvement located at the intersection of Corkscrew Road and Three Oaks Parkway, which sees 38,500 vehicles per day on average. Arby’s, Culver’s, Dunkin Donuts, and Applebee’s are all thriving within a quarter mile radius of this property. The rapidly growing Florida Gulf Coast University is just two miles away with over 16,000 students enrolled.

Corkscrew Road is the main east-west thoroughfare that connects Interstate 75 and South Tamiami Trail. South Tamiami Trail is a major north-south artery within the city of Estero and provides direct access to several dozen current and planned residential developments, high income golf communities, and is a convenient bypass for locals to avoid the heavy traffic on Interstate 75.

For More Information, Please Contact:

Jim Shiebler

Investment Advisor
(239) 340-7811