10050 Ulmerton Rd
Largo, FL 33771
Retail Property For Sale

Golden Corral | 15 Yr. Abs. NNN Lse w/ 10% Bumps SRS National Net Lease Group is pleased to present the opportunity to acquire Golden Corral, a single tenant, absolute NNN leased, 15-year sale lease back investment property located in Largo, Florida. The tenant, Sunny Corral Management, LLC, is a franchisee that operates 5 restaurants in Florida. Sunny Corral Management, LLC is an entity under Sun Holdings, LLC, an operator and owner of 167 Burger King restaurants, 72 Popeye' s franchises, 33 Golden Corral restaurants, 46 CiCi' s restaurants, and more. The lease features 10% rental increases every 5 years and at the beginning of each option period, which generates NOI growth and hedges against inflation. The Golden Corral is located at the signalized, hard corner intersection of Ulmerton Road / 101st Street SE (40,000 vehicles per day) with excellent visibility and accessibility. The site is located across the street from Largo Mall (560,000 SF) with national/credit tenants such as Target, Albertsons, Marshalls, Staples, PetSmart, Bed Bath & Beyond, Michaels, and more. Other nearby national retailers include Pier 1 Imports, The Home Depot, and Lowe' s. Within a 5-mile radius, there are over 265,000 residents ($60,300 AHHI) and 135,800 employees, who support the trade area.