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Published byBrandy Council Modified over 10 years ago
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INVESTMENT SUMMARY Sale Price:$2,297,300 Cap Rate:9.25% Building10,719 Sq. Ft. Land Size:2.015 acres Seats:395 Parking:134 vehicles Year Built:Re-model Dec 2012 NOI:$212,500 Lease Term:Feb 2029 (COE) Lease Type:Absolute NNN Increases:5% every 5 yrs Options2 x 5 years w/same increases TENANT INFORMATION -Franchisee w/over 10 yrs experience as owner/operator of multiple fast food concepts including Papa John’s, Dunkin Donuts, Subway, Popeye’s, Checkers & Golden Corral -Contract vendee for five Golden Corrals in the Lexington, KY area from non-restaurant ownership. Offering a personal guarantee. -Experienced owner with new restaurant team - Unit up-grades scheduled Demographics – Georgetown, KY Total Population29,100 Median HH Income$50,743 Traffic Count28,500 vpd
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GOLDEN CORRAL Started in 1973 (North Carolina) America’s #1 buffet/grill concept for last 12 years Serving breakfast, lunch & dinner Over 480 locations; 370+ franchised, in 40 states Expansion planned for 40 new units AREA INFORMATION Off main commercial thoroughfare & I-75 (exit 126) Population 29,100 (2010) up from 18,100 (2000) 60% increase Commuter suburb of Lexington (under 10 miles) Median family income $50,743 Home of Georgetown College; liberal arts (Baptist) Home of Toyota’s Georgetown, KY plant opened in 1988; largest building in the US (200 acres) where Camry, Avalon and Venza models are made
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1010 Northern Blvd, Ste 208 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 property@parkwaygrp.com www.parkwaygrp.com Lifetime Family Dental
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