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Restaurant

Golden Corral | 16+ Years Remaining | Washington, D.C. MSA | Affluent Growing Area

5621 Spectrum Dr, Frederick, MD 21703

Listing Price: $5,200,000

Cap Rate
5.40%
Tenant Name
Golden Corral
Years Remaining On Lease
16.3
Guarantor
Personal Guarantee
Rentable SF
12,606
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.29

Investment Overview

The Tenant, Valley Corral, LLC (“Valley”) has more than 16 years of lease term remaining with seven percent rental increases every five years. The lease is effectively NNN as Landlord’s responsibility is limited to replacement of the roof. (The roof was partially replaced in 2020). Valley is an established franchisee with four locations in Virginia, Pennsylvania and Maryland. The lease is personally guaranteed by the five individuals, and financials can be provided upon request.

Investment Highlights

  • Prime Real Estate; Highly Accessible 2.58-Acre Signalized Corner Parcel
  • State's Top Location by Placer.ai Data
  • Established Location with 25-Year Operating History

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Restaurant

Golden Corral | 16+ Years Remaining | Washington, D.C. MSA | Affluent Growing Area

Listing Price: $5,200,000

Cap Rate
5.40%
Tenant Name
Golden Corral
Years Remaining On Lease
16.3
Guarantor
Personal Guarantee
Rentable SF
12,606
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.29

Investment Highlights

  • Prime Real Estate; Highly Accessible 2.58-Acre Signalized Corner Parcel
  • State's Top Location by Placer.ai Data
  • Established Location with 25-Year Operating History

Investment Overview

The Tenant, Valley Corral, LLC (“Valley”) has more than 16 years of lease term remaining with seven percent rental increases every five years. The lease is effectively NNN as Landlord’s responsibility is limited to replacement of the roof. (The roof was partially replaced in 2020). Valley is an established franchisee with four locations in Virginia, Pennsylvania and Maryland. The lease is personally guaranteed by the five individuals, and financials can be provided upon request.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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