INVESTMENT SUMMARY• Sale Price: $2,297,300

• Cap Rate: 9.25%

• Building 10,719 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

• Options 2 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

Golden Corral100 Ikebana PathGeorgetown, KY 40324

Demographics – Georgetown, KY

Total Population 29,100

Median HH Income $50,743

Traffic Count 28,500 vpd

Golden Corral100 Ikebana PathGeorgetown, KY 40324

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

Golden Corral100 Ikebana PathGeorgetown, KY 40324

1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]

Lifetime Family Dental