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Golden Corral

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NNN Pro Group is pleased to present the exclusive listing for a Golden Corral located at 1053 Lenoir Rhyne Blvd in Hickory North Carolina. The site consists of roughly 15,371 rentable square feet of building space on estimated 2.35-acre parcel of land. This Golden Corral is subject to a 10-year absolute triple-net (NNN) lease, which commenced July 23rd, 2021. The current annual rent is $262,733 and is scheduled to increase by 1% annually throughout the base term and in each of the 3, 5-year renewal options.

✓ 10-Year Absolute Triple Net (NNN) Lease
✓ Approximately 7.5 Years Remaining
✓ One Percent (1%) Annual Rental Increases
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years