Two former local Ruby Tuesday properties sell to Dallas buyer

Former Ruby Tuesday at 5310 W. Broad St. near Willow Lawn. (J. Elias O’Neal)

A Texas real estate firm has lassoed a pair of shuttered restaurant buildings in Henrico County.

Leon Capital Group purchased the former Ruby Tuesday locations at 5310 W. Broad St. in Willow Lawn and at 9830 W. Broad St. near Innsbrook for a total of $4.3 million, according to county real estate records.

The firm paid $1.97 million for the 4,700-square-foot Willow Lawn location and $2.33 million for the 5,200-square-foot location near Gaskins Road. Both transactions closed Aug. 2.

The two locations most recently were assessed by the county for $1.5 million and $1.4 million, respectively.

Shuttered Ruby Tuesday at 9830 W. Broad St. near Innsbrook. (J. Elias O’Neal)

Leon Capital purchased the former restaurants directly from Ruby Tuesday, according to county records. The firm would not comment about plans or prospective tenants for the sites.

Ruby Tuesday could not be reached for comment Wednesday afternoon.

The national restaurant chain closed the Willow Lawn location in March and the Gaskins-area location in July.

Both spaces remain vacant and are listed for lease with Martin Blum, a broker with Colliers International | Richmond.

Based in Dallas, Leon Capital is a real estate investment firm that acquires, finances and develops a variety of retail, multifamily and self-storage projects across the U.S. — mainly across several large Texas metros, and in North Carolina and Florida.

With the Ruby Tuesday acquisitions, Leon Capital has grown its Virginia holdings to three properties, all in Henrico. The firm is marketing the 0.6-acre Loanmax Title Loans property at 4802 S. Laburnum Ave. in eastern Henrico for redevelopment, according to its website.

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Michael Dodson
Michael Dodson
2 years ago

Oh great more self-storage units fronting Broad Street. At least that is what I see for the Willow Lawn site.

Brian Ezzelle
Brian Ezzelle
2 years ago
Reply to  Michael Dodson

It didn’t take long for that building to get tagged.