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Restaurant

Golden Corral

1902 Towne Centre Dr, Mesquite, TX 75150

Listing Price: $4,703,448

Cap Rate
7.25%
Tenant Name
Texas Corral, LLC
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Rentable SF
10,580
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.23

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.

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Golden Corral

Listing Price: $4,703,448

Cap Rate
7.25%
Tenant Name
Texas Corral, LLC
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Rentable SF
10,580
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.23

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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