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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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Presentation on theme: "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."— Presentation transcript:

1 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 Nov 2009 NOI:$212,500 Lease Term:Feb 2026 (COE) Lease Type:Absolute NNN Increases:5% every 5 yrs Options2 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 Demographics - City of Nicholasville Total Population28,015 Median HH Income$43,000 Traffic Count39,000

2 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; 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)

3 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: Jessamine Car Care


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