Last week as I was heading down Fairview Road in Simpsonville, SC to go have coffee with a local commercial broker and his client, I noticed that demolishion was taking place at the site that once was a Ruby Tuesday. It’s on a killer corner right at Grandview and Fairview Roads in Simpsonville. It’s just off I-385. I don’t know the traffic counts right there off hand but they are massive. There are a number of large strip malls right there in the area and Fairview Road is known for having a heckuva traffic problem.
According to the tax records, NIP Simpsonville LLC purchased the property 12/3/20 for $1,500,000. I just don’t recall if Ruby Tuesday was still operating then or not. I’m thinking maybe Covid killed it off and maybe they were nearing the end of their lease and let it go.
There is a fantastic Facebook Group for Simpsonville residents which may be one of the best Facebook groups I’ve ever belonged to….anyway, the group loves talking about what’s new in the city and someone posted that this building was finally coming down and that a new Outback Steakhouse was going in. It looks like the cost to build that new restaurant will be about $2 million.
I was curious as to how well Outback Steakhouses do with their restaurants and they generate some significant sales. According to the site, Statista, the average sales for an Outback Steakhouse restaurant was $3.8 million in 2021.
