6612 Clinton Hwy
Knoxville, TN 37912
Golden Corral | Excellent Location · Retail Property For Sale

The subject property is a single-tenant, freestanding Golden Corral restaurant located in Knoxville, Tennessee. Golden Corral is roughly 10,411 square feet and is situated on approximately 1.31 acres of land. The property is extremely well located at the signalized corner of Clinton Highway and Callahan Drive, with a combined traffic counts of over 52,000 cars per day front of Golden Corral. Golden Corral sits as an out-parcel to Lowe’s and Hobby Lobby in a dense retail corridor and the sur-rounding national tenants in the immediate area includes; Chick-fil-A, Target, Kroger, Walmart-Supercenter, Ross, Home Depot, Marshalls, Aldi, Wendy’s, Chili’s, McDonald’s, Burger King, Arby’s, Waffle House, and many more. There are 10+ years remaining on an absolute NNN lease guaranteed by CPB Foods, Inc., a 16-unit operator with 10 percent rental increases eve-ry five years. CPB Foods, Inc. is operated by Ulysses “Junior” Bridgeman, a former NBA player. Mr. Bridgeman, under the name of Bridgeman Foods, was the second-largest Wendy’s franchise owner before selling his restaurant interests to become a bottler for The Coca-Cola Company. Since the acquisitions of 10 Golden Corrals by CPB Foods, Inc. back in 2012, CPB Foods has expanded from 10 to 16 locations and the store revenues has increased every year with 22 percent increases from 2014 to 2016. This is a high volume performing Golden Corral location. Store sales are available upon request.