INVESTMENT SUMMARY • Sale Price: $2,297,300 • Cap Rate: 9.25% • Building 8,149 Sq. Ft. • Land Size: 1.75 acres • Seats: 280 • Parking: 130 vehicles • Year Built: Re-modeled Nov 2009 • NOI: $212,500 • Lease Term: Feb 2026 (COE) • Lease Type: Absolute NNN • Increases: 5% every 5 yrs • Options 2 x 5 yrs w/same increases TENANT INFORMATION - Franchisee with over 10 years 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 Golden Corral 110 Retail Rd Nicholasville, KY 40356 Demographics - City of Nicholasville Total Population 28,015 Median HH Income $43,000 Traffic Count 39,000
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INVESTMENT SUMMARY Sale Price:$2,297,300 Cap Rate:9.25% Building8,149 Sq. Ft. Land Size:1.75 acres Seats:280 Parking:130 vehicles Year Built:Re-modeled.
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INVESTMENT SUMMARY• Sale Price: $2,297,300
• Cap Rate: 9.25%
• Building 8,149 Sq. Ft.
• Land Size: 1.75 acres
• Seats: 280
• Parking: 130 vehicles
• Year Built: Re-modeled Nov 2009
• NOI: $212,500
• Lease Term: Feb 2026 (COE)
• Lease Type: Absolute NNN
• Increases: 5% every 5 yrs
• Options 2 x 5 yrs w/same increases
TENANT INFORMATION-Franchisee with over 10 years 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
Golden Corral110 Retail RdNicholasville, KY 40356
Demographics - City of Nicholasville
Total Population 28,015
Median HH Income $43,000
Traffic Count 39,000
Golden Corral110 Retail RdNicholasville, KY 40356
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• On main commercial thoroughfare with many national retailers• Nicholasville is the county seat of Jessamine County• Population 28,015 (2010) up from 19,680 (2000), a 42% increase• Commuter suburb of Lexington (under 10 miles)• Median family income approx $43,000• Home of Asbury Univ; 1.300 student liberal arts college and the Asbury Theological Seminary, a 1,700 student graduate school offering masters & doctoral degrees
• Off US 27; main north/south arterial road from Lexington (39,000 vpd)