Investment Offering
Tenant: Golden Corral
Premises: 7531 SF
Renewal Options: 1 x 5
Lease Expiration: 12/31/2025
Lease Type:
Rental Increases: 5% Percentage Rent Annually
- Single Tenant Absolute NNN Lease with 10 Years Remaining
- Original 20-Year Lease in Place
- 5% Percentage Rent of Sales Above $2.3M
- Optimal Trade Area Demographics with Over 53,000 Residents within 5 Miles
- Personal Guaranty from Operator
Tenant Overview
Golden Corral is an American family-style restaurant chain serving breakfast, lunch and dinner, and featuring a large buffet and grill offering numerous hot and cold dishes, a carving station and their Brass Bell Bakery. It is a privately held company headquartered in Raleigh, North Carolina, United States, with locations in forty-one states. The company has since expanded to 500 locations across the United States; about 100 of them are company-owned. The others are franchised stores. Gross sales are over $1.53 billion.
Area Overview
