golden corral 204 kingsway london, ky 40741
DESCRIPTION
1010 Northern Blvd, Ste 208 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 [email protected]. Golden Corral 204 Kingsway London, KY 40741. TENANT INFORMATION Experienced franchisee with over 10 years as owner/operator of - PowerPoint PPT PresentationTRANSCRIPT
INVESTMENT SUMMARY
• Sale Price: $3,690,475
• Cap Rate: 8.40%
• Building Size: 10,719 Sq. Ft.
• Land Size: 2.01 acres
• Seats: 390
• Parking: 156 spaces
• Year Built: 2003
• NOI: $310,000
• Lease Term: 16 years (2028) COE
• Lease Type: NNN – No LL Responsibility
• Increases: 5% every 5 years
• Options: 2 x 5 years with same increases
TENANT INFORMATION• Experienced franchisee with over 10 years as owner/operator of• multiple restaurants concepts including Papa John’s , Dunkin’ Subways, Popeye’s, Checkers & Golden Corral
• Contract vendee for five GC’s in the Lexington KY area from non-restaurant ownership
• New management team• Unit re-modeling scheduled
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
AREA INFORMATION
• Hi visibility location right off Hwy 192 (over 27,000 vpd) surrounded by major national retailers (Walmart)• County seat of Laurel County• Largest employers include Walmart (dist ctr) ACS Data Flowers Bakery, Laurel Coookie & Aison Automotive, each employing 450 – 900 workers
GOLDEN CORRAL
• Started in 1973 (North Carolina)
• America’s #1 buffet/grill concept for last 12 years • Serving breakfast, lunch & dinner • Over 480 locations in 40 states; 370+ franchised • Expansion planned for 40 new units
Demographics – Laurel County Total Population (2009) 57,749 Median HH Income $34,304 Traffic Count 27,143 vpd
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]