Golden Corral
Property ID #: 18305
Tenant Name: Golden Corral
Street Address:
City: Lancaster
State: PA
Zip: 17602
COMPANY DESCRIPTION
Golden Corral Corporation is a privately held American-family style franchised restaurant chain. Founded in 1973, Golden Corral is headquartered in Raleigh, North Carolina has nearly 500 locations across 41 states. 408 locations are franchised with the remaining locations company-operated. Nation’s Restaurant News ranked Golden Corral #1 in the grill buffet segment for the 20th year in 2016. Golden Corral has a commanding 38.1% market share of the $4.5 Billion Buffet Restaurant segment (2017 Technomic Top 500 Report) Golden Corral reported systemwide revenue of $1.696 Billion in 2016 (481 locations in 41 states)
Website: www.goldencorral.com
Sector: Casual Dining
FINANCIAL PROFILE
Price: $4,062,000
NOI:
Cap Rate: 6.50
Price PSF: N/A
Rent PSF: N/A
Credit Rating (S&P): NR
LEASE ABSTRACT
Lease Type: NNN
Years Remaining: 19
Initial Term Increases: 8% every 5-years
Initial Term Lease Begin: 0000-00-00
Initial Term Lease Expiration: 0000-00-00
Renewal Options: 3 x Five-years
Option Increases:
Rent Holidays:
PROPERTY OVERVIEW
Type of Ownership: Freehold
Year Built: 2015
Year Remodeled :
Tenancy :
Gross Leasable Area (GLA):
Building Size (SFT) : 10
Lot AC :
DEMOGRAPHICS
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