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7300 S Interstate 35
Austin, TX 78745
Golden Corral · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease
- Casual Dining Industry Outlook
- Dense Retail Corridor
- Corporate Guarantee
- Robust Demographics
- Exceptional Traffic Counts
Executive Summary
Surmount is pleased to present the exclusive listing for a Golden Corral located at 7300 Interstate 35, Austin, TX 78745. The site consists of roughly 14,250 rentable square feet of building space on an estimated 3.04-acre parcel of land. Golden Corral is subject to a 15-year Triple Net (NNN) lease, which commenced 6/3/2015. The current annual rent is $391,152 and has scheduled increases of 5.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
14,250 SF
Building Class
B
Year Built
2014
Price
$9,251,592 CAD
Price Per SF
$649.23 CAD
Cap Rate
6%
NOI
$555,096 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.04 AC
Property Taxes
| Parcel Number | 810567 | Improvements Assessment | $5,362,388 CAD |
| Land Assessment | $2,819,796 CAD | Total Assessment | $8,182,184 CAD |
Property Taxes
Parcel Number
810567
Land Assessment
$2,819,796 CAD
Improvements Assessment
$5,362,388 CAD
Total Assessment
$8,182,184 CAD
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