Orion Real Estate Group recently completed the acquisition of 20 Ruby Tuesday restaurants in 15 states for $31 million. All of the properties are single-tenant, triple net leased with an average size of 5,000 square feet on one-and-a-quarter acres of land in strong, high-traffic markets.
This is the second portfolio of Ruby Tuesday restaurants that Orion purchased in 2018. Earlier this year, the firm acquired 41 of the fast-casual brand’s properties, of which they have already sold 31 at a profit to investors.
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email firstname.lastname@example.org.