Two former local Ruby Tuesday properties sold to Dallas buyer
A Texas real estate company 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 9830 W. Broad St. near Innsbrook for a total of $ 4.3 million, according to county real estate records.
The company paid $ 1.97 million for the 4,700 square foot site at Willow Lawn and $ 2.33 million for the 5,200 square foot site near Gaskins Road. Both transactions closed on August 2.
The two most recent locations were valued by the county for $ 1.5 million and $ 1.4 million, respectively.
Leon Capital bought the old restaurants directly from Ruby Tuesday, according to county records. The company would not comment on the plans or potential tenants of 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 offered for rent with Martin Blum, a broker of Colliers International | Richmond.
Dallas-based Leon Capital is a real estate investment company that acquires, finances and develops a variety of retail, multi-family and self-storage projects in the United States, primarily in several major subways in Texas, in North Carolina and Florida.
With the Ruby Tuesday acquisitions, Leon Capital increased its holdings in Virginia to three properties, all in Henrico. The Company markets the 0.6 acre Loanmax Title Loans property located at 4802 S. Laburnum Ave. in eastern Henrico for redevelopment, according to its website.