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Golden Corral 3340 Ross Clark Cir

10,459 SF Retail Building Dothan, AL 36303 $4,000,000 ($382/SF) 6.75% Cap Rate

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Investment Highlights

Attractive 6.75% in-place cap rate
Daily traffic count, 33,179

5% in place percentage rent bonus, NOT calculated in the cap rate

Executive Summary

ONE Street Commercial Properties in association with Bang Realty is excited to present this exceptional opportunity for NNN retail and restaurant investors in the Dothan area.
This 10,483 SF building, constructed in 2001, with Golden Corral as the current tenant offers a modern and spacious setting ideally suited for diverse retail and dining concepts. Boasting a strategic location with high visibility, the property ensures prominent exposure to potential customers. With a flexible layout and ample parking on the 2.66 acre lot, this well-maintained space provides an inviting and convenient environment for businesses to prosper. Its contemporary construction and prime positioning make it an attractive choice for investors aiming to establish or expand their presence in the dynamic Dothan market, presenting ample potential for the realization of retail and culinary ventures.
- Attractive 6.75% in-place cap rate
- 5% in place percentage rent bonus, NOT calculated in the cap rate
- 3 years remaining on current lease term
- Two, 5-year lease extensions available
- 15% rent increases for triggered extensions
- Daily traffic count, 33,179

Dothan__AL_OM-

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

10,459 SF

Building Class

Year Built

2001

Price

$4,000,000

Price Per SF

$382

Cap Rate

6.75%

NOI

$270,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

2.66 AC

Parking

200 Spaces (19.12 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Accommodation and Food Services
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Triple Net
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When their first Golden Corral® restaurant opened in Fayetteville, NC back in 1973, a fledgling Golden Corral Corporation took a confident first step into the restaurant business. From day one, they established the tradition of friendly service, great value and fresh, tasty food. Golden Corral® family-style restaurants specialize in the biggest and best buffet and grill available anywhere. Their famous Golden Choice Buffet® contains an array of hot meat options, as well as pasta, pizza, fresh vegetable choices, salad bar and a selection of carved meats at dinner and on Sundays.