INVESTMENT SUMMARY Sale Price:$3,103,450 Cap Rate:7.25% Building10,719 Sq. Ft. Land Size:2.015 acres...
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Transcript of INVESTMENT SUMMARY Sale Price:$3,103,450 Cap Rate:7.25% Building10,719 Sq. Ft. Land Size:2.015 acres...
INVESTMENT SUMMARY• Sale Price: $3,103,450
• Cap Rate: 7.25%
• Building 10,719 Sq. Ft.
• Land Size: 2.015 acres
• Seats: 395
• Parking: 134 vehicles
• Year Built: 2011
• NOI: $225,000
• Lease Term: 2031
• Lease Type: Absolute NNN
• Increases: 1% annual increases
• Options 2 x 5 years w/same increases
TENANT INFORMATION• Franchisee with 15 yrs experience as owner/operator of multiple fast
food concepts including Papa John’s, Dunkin Donuts, Subway, Popeye’s, Checkers & Golden Corral
• Has five Golden Corrals in the Lexington, KY area and two Golden Corrals in New Jersey. This will be their 8th Golden Corral Restaurant
• Operates highest volume GC in northeast (Egg Harbor, NJ)
Demographics – Delran, NJ
Total Population 28,894
Median HH Income $58,526
Traffic Count 50,565
Golden Corral2904 Rte 130 North Delran, NJ 08075
GOLDEN CORRAL• Started in 1973 (North Carolina)• America’s #1 buffet/grill concept for last 14
years• Serving breakfast, lunch & dinner• 500 locations; 400 franchised, in 41 states• Expansion planned for 40 new units • 9,000 employees
AREA INFORMATION•Located on US 130 (Burlington Pike) a major, hi volume thoroughfare through the Philadelphia suburbs.
•Near The Marketplace at Cinnaminson, anchored by Sam’s Club and Wal-Mart. Memorial Hospital is on Taylors Lane
•Other major retailers include McDonalds, Subway, Sleep Inn, Bank of America, Target, Rite Aid, CVS, Wendy’s, Party City
•Next to large, upscale apartment & townhouse complex (Tenby Chase)
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
South Jersey
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Sudzy Car Wash