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Golden Corral

915 Eagle Ridge Dr, Schererville, IN 46375

Listing Price: $4,527,000

Cap Rate
9.75%
Tenant Name
Golden Corral
Years Remaining On Lease
9.9
Gross SF
10,582
Guarantor
Personal Guarantee
Rentable SF
10,582
Price/Gross SF
$427.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.71

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Triple Net Leased Golden Corral that is strategically positioned, shadow-anchored by Home Depot. With nearly 10 years of term remaining and annual rental increases, it offers stable income growth. Landlord responsibilities are completely absent, providing hassle-free management.

This particular Home Depot location is exceptionally popular, ranking as the second most visited in Indiana according to Placer.ai data, with over 733,400 visits in 2023. The property boasts an oversized lot along a heavily traveled road, offering high visibility with 300 feet of frontage along U.S. Highway 41, accommodating approximately 39,391 vehicles daily. Additionally, around 200 surface parking spaces are available and accessible from the Home Depot parking lot.

Surrounded by a plethora of notable retailers and shopping centers, the property benefits from its proximity to major tenants such as Walmart, ALDI, Lowe’s, and many others. Various shopping centers, including Town Square Shopping Center, Shops on Main, and Highland Grove Shopping Center. The area also features numerous hotels, with six situated within 1.6 miles of the property, totaling 388 rooms combined.

Attractive demographics further the property's appeal, with significant population growth in an affluent area. Within a five-mile radius, the population stands at 162,990, with a substantial increase of nearly 80% within one mile since 2000. Moreover, the area boasts an average household income of $130,526 within one mile.

Investment Highlights

  • NNN Leased Golden Corral | Shadow-Anchored by Home Depot
  • Nearly 10 Years of Term Remaining with One Percent Annual Rental Increases Throughout Term | Absolutely No Landlord Responsibilities
  • This Home Depot Location is the Second Most Visited in Indiana, with 733,400 Visits in 2023 (Placer.ai)
  • Situated on an Oversized Lot with High Visibility Along a Heavily Traveled Road | 39,391 Vehicles per Day
  • Major Tenants Nearby Include Walmart, ALDI, Strack & Van Til, Meijer, Lowe's, PetSmart, Menard's, Harbor Freight Tools, AMC, Sky Zone, Walgreens, Planet Fitness, and More
  • Six Hotels are Situated Within 1.6 Miles of the Subject Property | 388 Rooms Combined
  • Average Household Income of $130,526 Within One Mile

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $4,527,000

Cap Rate
9.75%
Tenant Name
Golden Corral
Years Remaining On Lease
9.9
Gross SF
10,582
Guarantor
Personal Guarantee
Rentable SF
10,582
Price/Gross SF
$427.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.71

Investment Highlights

  • NNN Leased Golden Corral | Shadow-Anchored by Home Depot
  • Nearly 10 Years of Term Remaining with One Percent Annual Rental Increases Throughout Term | Absolutely No Landlord Responsibilities
  • This Home Depot Location is the Second Most Visited in Indiana, with 733,400 Visits in 2023 (Placer.ai)
  • Situated on an Oversized Lot with High Visibility Along a Heavily Traveled Road | 39,391 Vehicles per Day
  • Major Tenants Nearby Include Walmart, ALDI, Strack & Van Til, Meijer, Lowe's, PetSmart, Menard's, Harbor Freight Tools, AMC, Sky Zone, Walgreens, Planet Fitness, and More
  • Six Hotels are Situated Within 1.6 Miles of the Subject Property | 388 Rooms Combined
  • Average Household Income of $130,526 Within One Mile

Investment Overview

Marcus & Millichap is pleased to exclusively offer a Triple Net Leased Golden Corral that is strategically positioned, shadow-anchored by Home Depot. With nearly 10 years of term remaining and annual rental increases, it offers stable income growth. Landlord responsibilities are completely absent, providing hassle-free management. This particular Home Depot location is exceptionally popular, ranking as the second most visited in Indiana according to Placer.ai data, with over 733,400 visits in 2023. The property boasts an oversized lot along a heavily traveled road, offering high visibility with 300 feet of frontage along U.S. Highway 41, accommodating approximately 39,391 vehicles daily. Additionally, around 200 surface parking spaces are available and accessible from the Home Depot parking lot. Surrounded by a plethora of notable retailers and shopping centers, the property benefits from its proximity to major tenants such as Walmart, ALDI, Lowe’s, and many others. Various shopping centers, including Town Square Shopping Center, Shops on Main, and Highland Grove Shopping Center. The area also features numerous hotels, with six situated within 1.6 miles of the property, totaling 388 rooms combined. Attractive demographics further the property's appeal, with significant population growth in an affluent area. Within a five-mile radius, the population stands at 162,990, with a substantial increase of nearly 80% within one mile since 2000. Moreover, the area boasts an average household income of $130,526 within one mile.

Exclusively Listed By

  • Sean R. Sharko

    Senior Managing Director Investments

    (630) 570-2238

    Email Sean

    License(s): IL: 471.010712

    Chicago Oak Brook

  • Austin Weisenbeck

    Senior Managing Director Investments

    (630) 570-2169

    Email Austin

    License(s): IL: 475.140200

    Chicago Oak Brook

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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