Golden Corral | NNN | True 6.5% Cap
10,255 SF | Retail Building | Tulsa, OK 74133 | $6,554,000 ($639/SF) | 6.55% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,554,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 10,255 SF
- Price / Square Foot
- $639
Listing Contacts
Kevin King
Verified Profile
- Property Info
Property Overview
The Golden Corral restaurant has been in continuous operation under current ownership since January 1, 2005. It is located on east 71st Street very close to the intersection of Hwy 169. 71st St is a major arterial running East & West with a daily traffic count of 41,066. Highway 169 is a North/South expressway with a count of 128,129. The restaurant contains 10,255 usable sqft on 59198 sqft of land. There are
55 spaces available for customer parking. This is a stabilized absolute NNN investment with the tenant responsible for all operating expenses including roof, structure, and parking lot maintenance. Golden Corral opened their first restaurant in Fayetteville, North Carolina in 1973. They have a tradition of offering guests wholesome foods in a family-friendly atmosphere. 50 years later Golden Corral is honored to be called America’s #1 buffet & grill.
About the Tenant:
“I am writing on behalf of Rey Vasquez, who is a franchisee in excellent standing with Golden Corral Corporation. I have personally known Rey since March of 2006. Rey has served in many different capacities within Golden Corral, and as stated above, is a franchisee in excellent standing and a leader within our franchisee community.”
-Roy Hinojosa
Division President
Golden Corral Corporation
55 spaces available for customer parking. This is a stabilized absolute NNN investment with the tenant responsible for all operating expenses including roof, structure, and parking lot maintenance. Golden Corral opened their first restaurant in Fayetteville, North Carolina in 1973. They have a tradition of offering guests wholesome foods in a family-friendly atmosphere. 50 years later Golden Corral is honored to be called America’s #1 buffet & grill.
About the Tenant:
“I am writing on behalf of Rey Vasquez, who is a franchisee in excellent standing with Golden Corral Corporation. I have personally known Rey since March of 2006. Rey has served in many different capacities within Golden Corral, and as stated above, is a franchisee in excellent standing and a leader within our franchisee community.”
-Roy Hinojosa
Division President
Golden Corral Corporation
Property Details
- Class
- B
- Year Built
- 1994
- Stories
- 1
- Lot Size (sq. ft)
- 59,242 SF
Highlights
- Absolute NNN Investment: Tenant is responsible for absolutely all expenses including taxes, insurance, structure, roof & area maintenance.
- Experienced Franchisee: Revenue and net income details of Golden Corral
- Great Demographics: 35,000 house holds within 3 miles, Median HHI of $61,858, and a growing population
- High Traffic Intersection: 41,086 cars per day at 71st Street Intersection
- Seasoned Brand: Over 50 years in business & award winning concept
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