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Golden Corral
Springfield, IL 62703

Golden Corral - Absolute NNN - 17.5 Years · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
11,080 SF
Building Class
B
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.14 AC

ABOUT GOLDEN CORRAL , SPRINGFIELD, IL 62703

17.5 Years Lease Term Remaining. STRONG SALES - Over 4.7 Million! We are pleased to offer to qualified investors an opportunity to purchase a single tenant investment located in the capital city of Illinois that is fully leased to Golden Corral with 17.5 years on an original 20 year lease term. This lease has fixed rental increases of 10% every 5 years; providing an investor with strong inflation protection and long-term stable cash flow backed by proven sales volumes. This is an absolute NNN lease with 4 - 5 Year option periods with the same 10% increases at each option renewal. The property is comprised of a 11,080 square foot building and sits on a lot size of approximately 2.6 acres.

  • Listing ID: 8419170

  • Date on Market: 7/31/2017

  • Last Updated:

  • Address: Golden Corral, Springfield, IL 62703