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Restaurant

Hooters

3725 E Franklin Blvd, Gastonia, NC 28056

Listing Price: $2,600,000

Tenant Name
Hooters of Gastonia Inc.
Years Remaining On Lease
2.0
Guarantor
Franchisee Guarantee
Rentable SF
3,616
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Hooters Restaurant located at 3725 E Franklin Blvd in Gastonia, NC. The site presently consists of roughly 3,616 rentable square feet of building space on estimated 2.02-acre parcel of land. In addition, there is another 5-acre parcel of land situated behind the subject property that is included in this offering. This presents a unique opportunity to acquire a cash-flowing, legacy net lease asset with prime frontage along Franklin Blvd, with the ability to further develop in a corridor that has little-to-no available land remaining. An investor would have a very attractive basis in the Hooters asset, which would also provide a potential development runway in unlocking considerable value in this exceptionally busy corridor. This Hooters is subject to a 20-year absolute triple-net (NNN) lease, which commenced in November 1998. The tenant is currently in their first option period. The current annual rent is $119,922 and is scheduled to increase by ten percent (10%) at the commencement of each of the three (3), five (5)-year renewal options.

Investment Highlights

  • Original Build-to-Suit With 23 Years of Operating History
  • NNN Lease With Full Corporate Guaranty
  • Hooters Has Recently Upgraded and Remodeled the Interior

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: $2,600,000

Tenant Name
Hooters of Gastonia Inc.
Years Remaining On Lease
2.0
Guarantor
Franchisee Guarantee
Rentable SF
3,616
Lease Type
Triple Net (NNN)

Investment Highlights

  • Original Build-to-Suit With 23 Years of Operating History
  • NNN Lease With Full Corporate Guaranty
  • Hooters Has Recently Upgraded and Remodeled the Interior

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Hooters Restaurant located at 3725 E Franklin Blvd in Gastonia, NC. The site presently consists of roughly 3,616 rentable square feet of building space on estimated 2.02-acre parcel of land. In addition, there is another 5-acre parcel of land situated behind the subject property that is included in this offering. This presents a unique opportunity to acquire a cash-flowing, legacy net lease asset with prime frontage along Franklin Blvd, with the ability to further develop in a corridor that has little-to-no available land remaining. An investor would have a very attractive basis in the Hooters asset, which would also provide a potential development runway in unlocking considerable value in this exceptionally busy corridor. This Hooters is subject to a 20-year absolute triple-net (NNN) lease, which commenced in November 1998. The tenant is currently in their first option period. The current annual rent is $119,922 and is scheduled to increase by ten percent (10%) at the commencement of each of the three (3), five (5)-year renewal options.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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