Golden Corral

Hickory, North Carolina

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

Key Details

Price:: $3,503,107
Cap Rate:: 7.50%
Annual Rent:: $262,733
Address:: 1053 Lenoir Rhyne Boulevard, Hickory, North Carolina 28602
Property Type:: Retail
Lease Type:: Casual Dining

Original Lease Term:: 10 Years
Lease Commencement:: July 23, 2021
Lease Expiration:: July 31, 2031
Lease Term Remaining:: +/- 7.5 Years
Rental Increases:: 1% Annual Increases
Lot Size:: 2.35 Acres
Building Size:: 15,371 SF
Year Built:: 1999
Tenant:: Golden Corral

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Russell Wachtler

rwachtler@nnnpro.com

License: 10401294048

Edward DeMatteis

edematteis@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-North Carolina Inc.

License: C28862

Similar Properties

available

available

available

available