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Published byGilbert Spraggs Modified over 10 years ago
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INVESTMENT SUMMARY Sale Price:$3,103,450 Cap Rate:7.25% Building10,719 Sq. Ft. Land Size:2.015 acres Seats:395 Parking:134 vehicles Year Built:2011 NOI:$225,000 Lease Term:2031 Lease Type:Absolute NNN Increases:1% annual increases Options2 x 5 years w/same increases TENANT INFORMATION Franchisee with 15 yrs experience as owner/operator of multiple fast food concepts including Papa John’s, Dunkin Donuts, Subway, Popeye’s, Checkers & Golden Corral Has five Golden Corrals in the Lexington, KY area and two Golden Corrals in New Jersey. This will be their 8 th Golden Corral Restaurant Operates highest volume GC in northeast (Egg Harbor, NJ) Demographics – Delran, NJ Total Population28,894 Median HH Income$58,526 Traffic Count50,565
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GOLDEN CORRAL Started in 1973 (North Carolina) America’s #1 buffet/grill concept for last 14 years Serving breakfast, lunch & dinner 500 locations; 400 franchised, in 41 states Expansion planned for 40 new units 9,000 employees AREA INFORMATION Located on US 130 (Burlington Pike) a major, hi volume thoroughfare through the Philadelphia suburbs. Near The Marketplace at Cinnaminson, anchored by Sam’s Club and Wal-Mart. Memorial Hospital is on Taylors Lane Other major retailers include McDonalds, Subway, Sleep Inn, Bank of America, Target, Rite Aid, CVS, Wendy’s, Party City Next to large, upscale apartment & townhouse complex (Tenby Chase)
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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 South Jersey Medicine Ricky’s Army Navy Sudzy Car Wash
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