Ruth’s Chris – North Palm Beach
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This Ruth’s Chris Steak House is located on US Highway 1 in North Palm Beach, Florida. North Palm Beach is an affluent area of Southern Florida. The neighborhood is characterized primarily by low to mid-rise professional offices and banks in the immediate vicinity of the subject property, with more intense retail commercial development to the north. The area is also primarily influenced by affluent residents. As a result of the excellent location on this major commercial thoroughfare, the traffic count in the immediate area is over 28,700 vehicles per day. North Palm Beach is located approximately 38 miles north of Boca Raton and 55 miles north of Fort Lauderdale, Florida. This investment is a pride of ownership trophy property.
The property is located across from The Village of North Palm Beach, a residential community with a population of 12,582 and home to a Jack Nicklaus signature golf course. The subject property is surrounded by many national and local retail tenants. National tenants in the surrounding area include Sun Trust Bank on the southwest corner, National City Bank, Bank Atlantic, Publix, Riverside National Bank, Subway Sandwiches and Salads and The United States Postal Service. The Atrium Office Building and The Pavillion Office Center are also located close to the subject.
- Absolute NNN Lease With no Landlord Responsibility
- Guaranteed by Ruth’s Hospitality Group, Inc.
- 1.75% Annual Increases
- 6.5 Years Remaining on Lease with Two, 5-Year Options
- Located Directly on US Highway 1 in North Palm Beach
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- This Ruth’s Chris Steak House is located on US Highway 1 in North Palm Beach, Florida. North Palm Beach is an affluent area of Southern Florida.
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