Investment Highlights
Absolute NNN Lease: Zero Landlord Responsibilities: The lease is structured as an absolute NNN, offering passive income with no landlord maintenance obligations.
Large ±1.90-Acre Parcel: Positioned on a highly desirable parcel with excellent frontage and visibility, the property benefits from strong traffic flow in a dense retail corridor.
Lowes Outparcel: Lowe’s-Anchored Location – Outparcel to a busy Lowe’s, driving consistent customer traffic and providing synergy from a nationally recognized brand.
Established Tenant with Long-Term Commitment: Ruby Tuesday, a popular national American restaurant, has ±12.1 years remaining on their current term with four 5-year renewal options.
Corporate Guarantee: Lease backed by RUBY TUESDAY, INC., providing strong credit and financial stability.
Attractive Rental Increases: The lease includes 10% rent increases every five (5) years
(including options), providing a strong hedge against inflation. Next bump occurs on January 1st, 2028, bringing the cap rate to a 7.15%.
Heavy Parking Ratio: The ±4,675 SF building sits on ±1.90 acres with 93 parking spaces (19.9 spaces per ±1,000 SF), ideal for restaurant operations and customer convenience.
Location Highlights
High Traffic Corridor: Strategically positioned along Gibsonton Drive (±15,600 VPD) with
immediate access to I-75, providing excellent visibility and steady consumer exposure.
Surrounded by National Retailers: Located in a dense retail corridor featuring Walmart
Supercenter, ALDI, Lowe’s, Wawa, Starbucks, Cracker Barrel, and Chick-fil-A, among other top-performing national brands. Additionally, Chipotle and Dutch Bros are breaking ground soon another out-parcel in front of the Lowes.
Explosive Market Growth: Riverview is one of the fastest-growing submarkets in the Tampa MSA, fueled by rapid residential development, strong population growth, and expanding commercial demand.