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Golden Corral 7300 S Interstate 35 14,250 SF Retail Building Austin, TX 78745 $6,519,200 ($457.49/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Casual Dining Industry Outlook
- Dense Retail Corridor
- Corporate Guarantee
- Robust Demographics
- Exceptional Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Golden Corral located at 7300 Interstate 35, Austin, TX 78745. The site consists of roughly 14,250 rentable square feet of building space on an estimated 3.04-acre parcel of land. Golden Corral is subject to a 15-year Triple Net (NNN) lease, which commenced 6/3/2015. The current annual rent is $391,152 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,250 SF
Building Class
B
Year Built
2014
Price
$6,519,200
Price Per SF
$457.49
Cap Rate
6%
NOI
$391,152
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.04 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 810567 | Improvements Assessment | $3,778,645 |
| Land Assessment | $1,986,989 | Total Assessment | $5,765,634 |
Property Taxes
Parcel Number
810567
Land Assessment
$1,986,989
Improvements Assessment
$3,778,645
Total Assessment
$5,765,634
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