7300 S Interstate 35 - Restaurant FOR SALE


Austin, TX 78745- South Austin
$6,519,200 USD
332-345-4206
7300 S Interstate 35, Austin, TX for Sale
$6,519,200 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

7300 S Interstate 35
Austin, TX 78745
South Austin


HIGHLIGHTS

  • Absolute NNN Lease
  • Corporate Guarantee
  • Casual Dining Industry Outlook
  • Robust Demographics
  • Dense Retail Corridor
  • Exceptional Traffic Counts

OVERVIEW

Surmount is pleased to present the exclusive listing for a Golden Corral located at 7300 Interstate 35, Austin, TX 78745. The site consists of roughly 14,250 rentable square feet of building space on an estimated 3.04-acre parcel of land. Golden Corral is subject to a 15-year Triple Net (NNN) lease, which commenced 6/3/2015. The current annual rent is $391,152 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$6,519,200 USD

PRICE/SF

$520 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Corral

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.04 AC

LAND SF

132,422 SF

ZONING

-

APN/PARCEL ID

810567

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.