OFFERING MEMORANDUM Edward A
REPRESENTATIVE PHOTO Golden Corral 4675 Highway 121, The Colony, TX 75056 EXCLUSIVELY LISTED BY: OFFERING MEMORANDUM Edward A. Benton EXCLUSIVE NET-LEASE OFFERING Vice President TABLE OF CONTENTS FINANCIAL OVERVIEW > Offering Terms > Investment Summary > Investment Overview TENANT OVERVIEW LOCATION OVERVIEW > Location Overivew > Subject Property Photos > Aerial Map > Trade Area Aerial Map DEMOGRAPHICS FINANCIAL OVERVIEW OFFERING TERMS INVESTMENT Purchase Price NOI CAP Rate OVERVIEW $2,450,000 $164,000 6.70% > Long-term absolute NNN lease with scheduled rent increases > Low price point and replaceable rent INVESTMENT SUMMARY > 16.67% rent increase in early 2020 > Seasoned and experienced multi-unit FINANCIAL OVERVIEW Tenant Trade Name Golden Corral Tenant FAC Corral, LLC operator Location 4675 Hwy 121, The Colony, TX > Outparcel to Walmart Super Center Price $2,450,000 > Area retailers include: SuperTarget, Square Feet 10,216 SF Lot Size 101,494 SF Home Depot, Kroger, Top Golf, Nebraska Price per SF $239.82 Furniture Mart, Ross Dress for Less, Cap Rate 6.70% NOI $164,000 Rooms To Go, PetSmart and many others Corporate/Franchisee Franchisee > Excellent highway location - over 98,000 Personal Gaurantee No Lease Type Absolute NNN VPD Roof & Structure Tenant Responsible Lease Term Amended Remaining Term Approx. 8 Years Lease Commence April 1, 2010 Lease Expiration March 31, 2025 Rent Increases 16.67% in early 2020 *Current rent is $144,000. $20,000 has been added to the current base rent which is an average of the percentage rent the Seller has received over the last three years. REPRESENTATIVE PHOTO REPRESENTATIVE TENANT OVERVIEW TENANT OVERVIEW When the first Golden Corral ® restaurant opened in Fayetteville, North Carolina back in 1973, a fledgling Golden Corral Corporation took a confident first step in the restaurant business, beginning a tradition of offering all guests real, wholesome foods in a family-friendly atmosphere at a great value.
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