This property is Off-Market

3517 Alta Mere Drive
Fort Worth, TX 76116 ·

7,792 SF · Retail For Sale

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Golden Corral |New 15-Yr Abs NNN Lse|400+ Operator

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 7,792 SF Cap Rate 7%
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 1999
Listing ID: 18297639 Date Created: 08/05/2013 Last Updated: 01/09/2014

Description

Faris Lee Investments has been selected as the exclusive broker to offer for sale Golden Corral located in Fort Worth, Texas. This investment offering consists of a freestanding Golden Corral with a Brand New, 15-Year, Absolute NNN Lease (Sale Leaseback). The operator is the fourth (4th) largest restaurant franchisee in the US, with nearly 400 units, including: Golden Corral (largest franchisee in the US with approximately 40 locations), Arby' s (recent acquisition of 51 locations), Popeye' s (over 70 locations), Burger King (approximately 170 locations), CiCi' s (approximately 50 locations), Del Taco, Denny' s and T-Mobile.

The property is located near the intersection of Alta Mere Drive and US Highway 80 (57,500 vehicles per day). There are over 188,000 consumers, 100,000 day time employees, a projected population increase of 10.5% between 2013-2018, and an average household income above $72,000 within a 5-mile radius of the subject property.

Highlights

  • Strong National Concept - Golden Corral
  • Strong Franchisee Operator: Sun Holdings, LLC / Largest US Golden Corral Franchisee
  • Absolute Triple Net (NNN) Lease (Sale Leaseback)
  • 10% Rent Increases Every 5 Years
  • Growing Trade Area, with High Average Household Income

Research

3517 Alta Mere Drive, Fort Worth, TX 76116 (Tarrant County)

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