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10509 Gibsonton DrRiverview, FL 33578
Ruby Tuesday - Riverview, FL
Asset ClassRetail
+12 Years Remaining | Absolute NNN Lease | 1.90 Acres | Lowes Out-Parcel

Investment Highlights

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.

deal gallery image
deal gallery image
10509 Gibsonton DrRiverview, FL 33578

Sales Team

Jake LurieVice President - Retail Investment Sales(813) 488-0853jake.lurie@matthews.com

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