Restaurant
Golden Corral
1902 Towne Centre Dr, Mesquite, TX 75150
Listing Price: $4,703,448
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for a Golden Corral located at 1902 Towne Centre Drive, in Mesquite, Texas. The site consists of roughly 10,580 rentable square feet of building space on estimated 2.17-acre parcel of land. This Golden Corral is subject to an original 15-year Triple-Net lease with roughly 8.8 years remaining, and commenced on September 28th, 2015, and expires on September 30th, 2030. The annual rent is $341,000 and is scheduled to increase by ten percent every five years in each of the Four, Five-year tenant renewal options.
Golden Corral
Investment Highlights
- Roughly 8.8 Years Remaining on a 15-YearAbsoluteTriple-Net
- Sun Holdings Inc. 3rdLargest Franchisee in the US by Mega 99 Rankings | Operates Approximately 20 Golden Corral Locations and is One of the Largest Golden Corral Franchisee Operators
- There are Ten Percent Rental Increases Every Five Years
Exclusively Listed By
Broker of Record
Listing Price: $4,703,448
Investment Highlights
- Roughly 8.8 Years Remaining on a 15-YearAbsoluteTriple-Net
- Sun Holdings Inc. 3rdLargest Franchisee in the US by Mega 99 Rankings | Operates Approximately 20 Golden Corral Locations and is One of the Largest Golden Corral Franchisee Operators
- There are Ten Percent Rental Increases Every Five Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive net lease offering for a Golden Corral located at 1902 Towne Centre Drive, in Mesquite, Texas. The site consists of roughly 10,580 rentable square feet of building space on estimated 2.17-acre parcel of land. This Golden Corral is subject to an original 15-year Triple-Net lease with roughly 8.8 years remaining, and commenced on September 28th, 2015, and expires on September 30th, 2030. The annual rent is $341,000 and is scheduled to increase by ten percent every five years in each of the Four, Five-year tenant renewal options.
Exclusively Listed By
Broker of Record
