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Golden Corral
Rockford, IL 61108
Long term Absolute NNN Lease- Annual Bumps · Retail Property For Sale
Investment Highlights
- Absolute NNN Investment - Ease of Management
- Immediate Increase in NOI from Scheduled Rental Increase to $261,944 on 10/1/2020
- Experienced Operator - Operates 13 Golden Corral’s, 28 Domino’s Pizzas, 9 Firehouse Subs, and 17 Sears Outlet Stores
- Long Term Lease - 13 years - Zero Landlord Responsibilities Ideal 1031 Exchange
- Guaranteed by 13 Golden Corral Locations & a Strong Personal Guaranty (5 Year Burnoff)
- Inflation Hedge - 1% Annual Rental Increases Including Options
PROPERTY FACTS
About Golden Corral , Rockford, IL 61108
We are pleased to offer to qualified investors an opportunity to purchase a strong performing single tenant absolute NNN leased investment located in Rockford, Illinois that is fully leased to Golden Corral with approximately 13 years remaining on the original term. Positioned in the main retail trade hub of Rockford, this location benefits from nearby regional draws such as Walmart Supercenter, Sam’s Club, Lowe’s, Target, Dick’s Sporting Goods, Menard’s, the CherryVale Mall, as well as the OSF Saint Anthony Medical Center (a 254 bed hospital). This is an excellent opportunity to purchase a proven Golden Corral location that requires no landlord management with 13 years remaining, annual rental escalations, with strong rent to sales ratio, operated by an experience franchisee and guaranteed by 13 Golden Corral locations along with a 5 y ear personal guaranty.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $216,343 | |
| Land Assessment | $135,338 | Total Assessment | $351,681 |
PROPERTY TAXES
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