Price: $3,957,667 l NOI: $296,825 | ... GOLDEN CORRAL

Subject property
GOLDEN CORRAL
14010 East Freeway – Houston, TX 77015
Price: $3,957,667 l NOI: $296,825 | CAP: 7.5%
Phone: 212.972.7457
Fax: 212.686.0078
exp@exp1031.com
www.exp1031.com
 Corporate Golden Corral Sale Leaseback
 New 15 Year Triple-Net (NNN) Lease with 5% Escalations Every Five Years
 165,532 Population in Five Miles | 5.3 Million in the Houston MSA
 New Construction and Larger Pavilion Concept with Higher End Endless Buffet
 Adjacent to Wal-Mart Supercenter with Cross Parking Access on I-10 Frontage Road
 Excellent 1031 Exchange Property
 Frontage Rd to I-10 which has 151,000 VPD
GOLDEN Valley
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PROPERTY OVERVIEW:
EXP Realty Advisors exclusively offers for sale a newly constructed Golden Corral located in Houston, TX at 14010 East
Freeway. The subject property consists of a 14,155 sq. ft., single-tenant restaurant on 3.2 acres of land. The Pavilion
concept is a new prototype Golden Corral is rolling out as part of its growth and expansion plan. Pavilion Golden Corral’s
are 20% larger and offer a higher end buffet. Golden Corral Corporation will enter into a new 15 year triple net lease
with 5% escalations every 5 years. Golden Corral is the leading buffet restaurant chain in the country with over 480
restaurants in 41 states. System wide annual sales exceed $1.5 billion with average unit volume of approximately
$6,000,000 in the Pavilion concept (this may not be representative of this location).
LOCATION OVERVIEW:
The property is located on the frontage road to I-10 which has traffic of 151,000 vehicles per day. The restaurant is
located within a dense retail environment immediately adjacent to a Wal-Mart Supercenter and in close proximity to
Sam’s Club and Home Depot.
Houston is the fourth-largest city in the United States of America, and the largest city in the state of Texas. According to
the 2010 U.S. Census, the city had a population of 2.1 million people within an area of 579 square miles (1,500 km2).
Houston is the seat of Harris County and the economic center of Houston–Sugar Land–Baytown, which is the sixthlargest metropolitan area in the U.S. of over 5 million people. Rated as a global city, Houston's economy has a broad
industrial base in energy, manufacturing, aeronautics, and transportation. It is also leading in health care sectors and
building oilfield equipment; only New York City is home to more Fortune 500 headquarters. The Port of Houston ranks
first in the United States in international waterborne tonnage handled and second in total cargo tonnage handled. It is
home to many cultural institutions and exhibits, which attract more than 7 million visitors a year to the Museum District.
Houston has an active visual and performing arts scene in the Theater District and offers year-round resident companies
in all major performing arts.
LEASE SUMMARY:
Triple Net Rent:
Rent Commencement:
Expiration Date:
Escalations:
Options:
Lease Type:
INVESTMENT SUMMARY
Price:
$3,957,667
CAP Rate:
7.5%
NNN Rent:
$296,825
Bld. Sq Ft:
14,155 sf
Land Size:
3.2 ac
Lease Type:
Triple Net Lease
Projected R/S: 4.7%
$296,825
Upon close of escrow
15 years from close of escrow
5% every 5 years during the base term and options
Five (5) year options
Absolute Triple Net
TENANT OVERVIEW: Golden Corral Corp. (Private)
Golden Corral is an family-style restaurant chain that features a large buffet and grill offering numerous hot and cold items, a
carving station and their Brass Bell Bakery. Golden Corral's legendary, endless buffet features an abundant variety of
delicious familiar favorites and continuous new menu offerings for breakfast, lunch and dinner. Golden Corral’s vision is to
be the leader in the family restaurant segment by making pleasurable dining affordable for every guest, at all 480
locations. It is a privately held company headquartered in Raleigh, North Carolina. System wide sales exceed $1.5 billion .
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
GOLDEN Valley
CORRAL
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SUBJECT PROPERTY
SUBJECT PROPERTY
ADJACENT TO SUBJECT PROPERTY
Entrance From Wal-Mart Parking Lot
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
PROPERTY PHOTOGRAPHS
GOLDEN Valley
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Area
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Line Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LABELED AERIAL
GOLDEN Valley
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151,000 VPD
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LABELED AERIAL
GOLDEN Valley
CORRAL
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Floor History
Plan
Property
Area
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This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN
GOLDEN Valley
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Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP
GOLDEN Valley
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Radius
3 Mile
5 Mile
10 Mile
Population:
75,191
165,532
680,560
2010 Avg Household Income
$61,673
$57,419
$54,496
2010 Med Household Income
$54,132
$51,396
$45,744
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP
GOLDEN Valley
CORRAL
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Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #808
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: rob@exp1031.com
Daniel de Sa‘
Director of Sales
Phone: (212) 972-7457
E-mail: dan@exp1031.com
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.