Wednesday, June 26, 2013

Ruby Tuesdays in Bethlehem Sells for $2.7M

Ruby Tuesday, Inc. sold the 4,803-square-foot retail building at 2102 Emrick Blvd. in Bethlehem, PA to Raleigh Associates, Inc. for $2,662,000, or about $550 per square foot. 

The restaurant is fully occupied by Ruby Tuesday. The tenant is leasing back the property for 15 years on an absolute triple-net lease with 10-percent increases every five years.

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