Golden Corral

1505 Manchester Expressway - Columbus GA 31904

LTV (Loan to Value)	65.00%	Current NOI	$194,524.00
Interest Rate	4.250%	Capital Rate	7.500%
Fixed Term	10 Years	Land Area	+/- 2.48 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$1,685,874.45	Property Type	Retail
Payment	$9,133.02	Property Lease	Restaurant
Bulding Size	0 SF	Remaining Terms	13 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a +/- 10,075 square-foot freestanding Golden Corral property situated on +/- 2.48 acres located in Columbus, Georgia. Golden Corral is operating under a fifteen (15) year triple net (NNN) lease with four (4), five (5) year option periods. The Subject Property is located one mile west of Interstate 185, which sees over 60,000 VPD, and less than three miles west of Columbus State University, which has an undergraduate enrollment of 7,021 students. The Subject Property is 100% leased to CPB Foods, LLC, a multi-unit Golden Corral franchisee. Golden Corral is the nation's #1 buffet and grill in the United States with over 500 restaurants across 41 states. Golden Corral is ranked #1 by multiple publications among family steakhouses, grill-buffet style restaurants and cafeteria-buffet style restaurants.

Highlights

National Brand - Golden Corral is regarded as the #1 buffet and grill in the United States with over 500…

Property Description

Columbus is the second largest city in Georgia. It is the county seat of Muscogee County, Georgia with which it is consolidated. Columbus-Phenix City Metropolitan Area counts a total population of 316,554. It joins with the nearby Alabama cities of Auburn and Opelika to form the Columbus-Auburn- Opelika Combined Statistical Area, which had a 2013 population of 501,649. Situated at the heart of the Chattahoochee Valley, Columbus is the fourth largest metropolitan area in the state. Columbus lies 100 miles southwest of Atlanta. Fort Benning, a major employer, is located south of the city in Chattahoochee County. The city is home to museums and other tourism sites. The area is served by the Columbus Airport.