Golden Corral

Retail-Commercial for Sale
Catylist Listing ID: 30372456
Property Subtypes: Free-Standing Building, Retail-Pad
Building Size (RSF): 7,551 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 Acres
Sale Price: $3,164,615
Unit Price: $419.10 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Golden Corral
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 3/19/2019

Overview / Comments

SVN/Team Southwest has been selected as the exclusive representative for a Golden Corral located in Burleson, Texas. This investment offering consists of a freestanding Golden Corral with an Absolute NNN Lease. The operator is the tenth (10th) largest restaurant franchisee in the US, with 400+ units, including: Golden Corral (largest franchisee in the US with approximately 40 locations), Arby’s (recent acquisition of 51 locations), Popeye’s (over 70 locations), Burger King (approximately 170 locations), CiCi’s (approximately 50 locations), Del Taco, Denny’s and T-Mobile.

Attachments & Media

Financials

Finance Data Year 2019
Gross Operating Income $205,700 (Annual)
Net Operating Income $205,700 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name TX Corral
Annual Revenue $205,689 (Annual)
SF of Space Occupied 7,551 SF
Current Rent $27 PSF (Annual)
Lease Expiration 1/0031

Additional Details

Nearest MSA: Dallas-Fort Worth-Arlington
County: Johnson
Tax ID/APN: 35564
Property Visibility: Excellent
Site Description: The property is located along the main thoroughfare in the area, SW Wilshire Boulevard (approximately 39,900 vehicles per day). And, Golden Corral is within close proximity to many strong national tenants, including Wal-Mart Supercenter, Target, Home Depot, Hobby Lobby, H.E.B., Office Depot, and CVS Pharmacy, which create strong cross-over traffic and excellent tenant synergy.
Area Description: Absolute Net Leased Golden Corral located in prime retail area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1997
Year Renovated: 2008

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,517 45,293 82,384
Median Age: 36.1 33.69 35.56
Households: 4,056 15,889 28,708
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