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Ruby Tuesday 

21301 Town Commons Drive | Estero, FL 33928

Contact Brokers

Jim Shiebler
Vice President Investments
Jim.Shiebler@MarcusMillichap.com
(O) 239.340.7811
FL #SL3347780

James Garner
Senior Investment Advisor
James.Garner@MarcusMillichap.com
(O) 813.387.4796
FL #SL327365

Highlights

  • Outparcel to Lowes Home Improvement Store

  • Over 38,000 Average Daily Traffic Count

  • 12% Rent Increase in 2022

  • Fort Myers/Cape Coral - One of the Fastest Growing Metro Markets in the United States

Description

This location has a corporate guarantee from Ruby Tuesday, Inc, operator of 599 locations. In 2017 Ruby Tuesday, Inc was acquired
by NRD Capital, a very successful private equity firm. The location features 2 years remaining on its original 15-year lease and has
four 5-year option periods. This location has enjoyed exceptionally high sales volume with a 6.58% rent to sales ratio.

Location

Ruby Tuesday is located between the cities of Fort 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 property is perfectly positioned among  the areas three major tourist destination outdoor shopping malls, Coconut Point, Miromar Outlets and Gulf Coast Town Center. The rapidly growing Florida Gulf Coast University is just two miles away with over 22,000 students, faculty and staff and the newly renovated Hertz Arena is also located within ¾ mile.