Commercial Real Estate Texas

High Yield Trophy NNN Leased Property:
Ruth's Chris Steakhouse with 20+ Year History

Investment Highlights

Asking Price: $5,400,000
7.80% Cap
Single Tenant 100% NNN
20+ Year Historical Occupancy
Recent Lease Renewal
High Performing Location

Location Highlights

Affluent & Dense Population
Tremendous Visibility on DNT
Strong Traffic Counts (200k+)
26% Population Growth
Phenomenal MSA Infrastructure
Heart of North Dallas Business District - Fortune 500's

Opportunity: Pegasus Investments is pleased to offer for sale a trophy-quality, single tenant investment property secured by a 100% absolute triple net lease to Ruth’s Chris Steak House located along Dallas Parkway within the affluent Bent Tree / Preston Trail neighborhood of North Dallas, Texas. This investment opportunity has the unique combination of successfully operating for 20 years as a Ruth’s Chris Steak House, a recently exercised 5-year lease term renewal, and consitent store sales from nationally recognized and well capitalized publicly traded company (NASDAQ: RUTH).

Location: The property was originally developed for Ruth’s Chris Steak House in 1995 pursuant to a 20-year absolute triple net lease. The investment is further benefited from the property’s irreplaceable location fronting the Dallas North Tollway (190k cars/day) as well as its surroundings which include the affluent residential community of Bent Tree North to the east, Addison to the South, and Plano to the north. Demographically, the property’s 5-mile trade area boasts an astounding ~390,000 population with average household incomes in excess of $90,000 per year.

David B. Chasin

Managing Director

(310) 691-1350 x101

david@pegasusinvestments.com

BRE Lic 01513027

Daylin Ackerman

Associate

(310) 691-1350 x114

dackerman@pegasusinvestments.com

BRE Lic 02011508

Tony Veiller

Sr. Analyst

(310) 691-1350 x113

tveiller@pegasusinvestments.com

BRE Lic 01995952

Brad Kritzer

Executive Vice President

(310) 691-1350 x106 bkritzer@pegasusinvestments.com

BRE Lic 01918111

Pegasus Investments Real Estate Advisory Inc. | BRE License Number 01961545

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