Investment Highlights
Absolute NNN Investment: Tenant is responsible for absolutely all expenses including taxes, insurance, structure, roof & area maintenance.
Great Demographics: 35,000 house holds within 3 miles, Median HHI of $61,858, and a growing population
Seasoned Brand: Over 50 years in business & award winning concept
Experienced Franchisee: Revenue and net income details of Golden Corral
High Traffic Intersection: 41,086 cars per day at 71st Street Intersection
Executive Summary
The Golden Corral restaurant has been in continuous operation under current ownership since January 1, 2005. It is located on east 71st Street very close to the intersection of Hwy 169. 71st St is a major arterial running East & West with a daily traffic count of 41,066. Highway 169 is a North/South expressway with a count of 128,129. The restaurant contains 10,255 usable sqft on 59198 sqft of land. There are55 spaces available for customer parking. This is a stabilized absolute NNN investment with the tenant responsible for all operating expenses including roof, structure, and parking lot maintenance. Golden Corral opened their first restaurant in Fayetteville, North Carolina in 1973. They have a tradition of offering guests wholesome foods in a family-friendly atmosphere. 50 years later Golden Corral is honored to be called America?s #1 buffet & grill.About the Tenant:?I am writing on behalf of Rey Vasquez, who is a franchisee in excellent standing with Golden Corral Corporation. I have personally known Rey since March of 2006. Rey has served in many different capacities within Golden Corral, and as stated above, is a franchisee in excellent standing and a leader within our franchisee community.?-Roy HinojosaDivision PresidentGolden Corral Corporation
