Golden Corral Chattanooga, TN This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Phone: 212-972-7457 Fax: 212-686-0078 Email: [email protected]Website: www.exp1031.com Golden Corral Chattanooga, TN $2,286,892 8.75% CAP $200,103 NOI •Brand new absolute triple net (NNN) 15 year lease; (2) 5 year options •Large 10% escalations every 5 years, including options •Rent was calculated as 8.75% of trailing twelve month sales •Outparcel to a Kohl’s, Target and Goody’s anchored shopping center •Property is located is located in a heavy retail corridor with Home Depot, Lowe’s, Dick’s, Wal-Mart and Hamilton Place mall (anchored by Dillard’s, Belk, Sears and JCPenney) all less than one mile away •2008 Population (5-mile): 106,537; 2008 Avg. HH Income (5-mile): $68,190 1808 Gunbarrel Rd
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Golden CorralChattanooga, TN
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
$2,286,892 8.75% CAP $200,103 NOI•Brand new absolute triple net (NNN) 15 year lease; (2) 5 year options•Large 10% escalations every 5 years, including options•Rent was calculated as 8.75% of trailing twelve month sales•Outparcel to a Kohl’s, Target and Goody’s anchored shopping center•Property is located is located in a heavy retail corridor with Home Depot, Lowe’s, Dick’s, Wal-Mart and Hamilton Place mall (anchored by Dillard’s, Belk, Sears and JCPenney) all less than one mile away•2008 Population (5-mile): 106,537; 2008 Avg. HH Income (5-mile): $68,190
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
1808 Gunbarrel Rd(BETWEEN IGOU GAP ROAD & CRANE ROAD)
PROPERTY SUMMARY:EXP Realty Advisors is pleased to present for sale this investment opportunity comprised of a 9,350 sfbuilding located on 1.79 acres of land. It was constructed in 2002 and is a pad site to a Target,Goody’s and Kohl’s anchored shopping center. The subject property is located in a heavy traffickedretail corridor and is located less than ½ mile from Home Depot, Lowe’s and Wal-Mart. The subjectproperty is also located less than ½ mile from Hamilton Place, a 1.1 million sq ft mall anchored by Belk,Dillard’s, JC Penny, Sears and Barnes and Noble. There are over 93,000 residents living within 3 milesof the property, with an average household income of $59,200. Chattanooga blends "Big City"amenities with "Small Town" ease of living. Area residents enjoy the friendly atmosphere, moderatehousing costs, and easy commuting typically associated with smaller communities while Chattanooga'scultural and recreational opportunities rival those in much larger metropolitan areas. Add to theseassets a downtown recently rejuvenated by a $120 million waterfront transformation and the area’sbreathtaking natural beauty and you have one of the nation’s most livable cities with much to offerpeople from all walks of life.
LEASE SUMMARY:Lease Term: 15 Years (New Lease)Options: Two (5) Year Options with 10% escalations at start of eachBase Rent: $200,103 ($29.41 PSF) annually. Rent was calculated at
8.75% of trailing 12 month salesEscalations: 10% every 5 years, including optionsRent Commencement: Upon close of escrowExpiration Date: 15 years after rent commencementLease Type: This is an absolute triple net lease. Tenant pays real estate
taxes directly and insures the property at no cost to landlord.Tenant is responsible for all repairs and replacements to theproperty.
Tenant: Fresh Restaurants
TENANT SUMMARY:Fresh Restaurants operates 6 units in Tennessee, Georgia and Alabama. It is a wholly owned divisionof Corral Group, the largest Golden Corral franchise with 44 operating units and two developmentsites located in seven states: Texas, Florida, Indiana, Kansas, Tennessee, Georgia and Alabama. Thecompany owns the land and building at 23 of its restaurants and the land for one development unit.This ownership of real estate allows significant leveragability and flexibility in financing. Golden Corralis the largest grill-buffet restaurant concept in America. For the twelfth straight year, NationsRestaurant News has named Golden Corral the #1 family steakhouse chain..
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.