Who Wants to be Landlord to the Ruby Tuesday in Plymouth Meeting?

For the sweet sum of $2,628,600 you can buy the land that serves as the home of Ruby Tuesday on Chemical Road in Plymouth Meeting. The listing agent, CBRE, describes the property as follows:

This is a corporately guaranteed NNN lease with no landlord responsibilities or expenses. There are currently 4 years remaining on the initial 20 year lease term with one, five year option and one, four year eleven month option to renew. The lease boasts 12% rental increases in each option period.

So you can own the property, let Ruby Tuesday worry about mowing the grass, and sit back and collect checks. Please note that the restaurant is not for sale. It is just the land.

If you are interested, contact Matthew Gorman and Michael Shover at (484) 567-2344. See the full listing.