Chris Wilkins with NAI Ruhl Commercial Company Represents WCT Properties Inc. in the $1,025,000 Sale of the Former Ruby Tuesday Restaurant Location to Natural Grocers
DAVENPORT, IOWA – AUGUST 30, 2016 – NAI Ruhl Commercial Company, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented the sale of former Ruby Tuesday Restaurant, located off East 53rd Street and I-74 in Davenport. The property will become a home to Natural Grocers, a specialty retailer providing organic and natural groceries, body care and dietary supplements at affordable prices.
“The Iowa Quad Cities has been under served with organic grocery options, so this will be a great addition to the community,” said Chris Wilkins, Vice President/Director of NAI Ruhl Commercial Company.
The former 5,941 SF property will undergo construction beginning this fall and is expected to be completed in late summer of 2017. The Buyer also purchased the ravine between the road and building, which will become part of the development.
The Ruby Tuesday building was originally put on the market in the summer of 2012, when the company closed a number of locations regionally. In late 2014, WCT Properties, Inc. purchased the property only to immediately put it back on the market. The property was on the market for a total of 18 months before closing.
About NAI Ruhl Commercial Company
NAI Ruhl Commercial Company is the region’s leading commercial real estate firm specializing in commercial real estate brokerage, consulting, corporate services, property management, development, and maintenance services with offices in the Quad Cities region, and serving Eastern Iowa, Western Illinois and Southwest Wisconsin. We reach markets worldwide with our partnership with NAI Global, the world’s only managed network of commercial real estate firms.
To learn more about the company, please visit www.ruhlcommercial.com.
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