OFFERING MEMORANDUM - Golden Corral 4675 Highway 121, The Colony, TX 75056 - LoopNet
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REPRESENTATIVE PHOTO
Golden Corral
4675 Highway 121, The Colony, TX 75056
OFFERING MEMORANDUM EXCLUSIVELY LISTED BY:
Edward A. Benton
EXCLUSIVE NET-LEASE OFFERING Vice President
TABLE OF CONTENTS FINANCIAL OVERVIEW > Offering Terms > Investment Summary > Investment Overview TENANT OVERVIEW LOCATION OVERVIEW > Location Overivew > Subject Property Photos > Aerial Map > Trade Area Aerial Map DEMOGRAPHICS
FINANCIAL OVERVIEW
OFFERING TERMS INVESTMENT
FINANCIAL OVERVIEW
Purchase Price NOI CAP Rate OVERVIEW
$2,450,000 $164,000 6.70% >>Long-term absolute NNN lease with
scheduled rent increases
>>Low price point and replaceable rent
INVESTMENT SUMMARY >>16.67% rent increase in early 2020
>>Seasoned and experienced multi-unit
Tenant Trade Name Golden Corral
Tenant FAC Corral, LLC operator
Location 4675 Hwy 121, The Colony, TX >>Outparcel to Walmart Super Center
Price $2,450,000
>>Area retailers include: SuperTarget,
Square Feet 10,216 SF
Lot Size 101,494 SF Home Depot, Kroger, Top Golf, Nebraska
Price per SF $239.82
Furniture Mart, Ross Dress for Less,
Cap Rate 6.70%
NOI $164,000 Rooms To Go, PetSmart and many others
Corporate/Franchisee Franchisee >>Excellent highway location - over 98,000
Personal Gaurantee No
Lease Type Absolute NNN VPD
Roof & Structure Tenant Responsible
Lease Term Amended
Remaining Term Approx. 8 Years
Lease Commence April 1, 2010
Lease Expiration March 31, 2025
Rent Increases 16.67% in early 2020
*Current rent is $144,000. $20,000 has been added to the
current base rent which is an average of the percentage rent the
Seller has received over the last three years.
REPRESENTATIVE PHOTO
TENANT OVERVIEW
TENANT OVERVIEW
TENANT OVERVIEW
When the first Golden Corral ® restaurant opened in Fayetteville, North Carolina back in 1973, a fledgling Golden
Corral Corporation took a confident first step in the restaurant business, beginning a tradition of offering all guests real,
wholesome foods in a family-friendly atmosphere at a great value. Nearly 40 years later, Golden Corral ® is well known
as America’s #1 buffet and grill.
Golden Corral’s legendary, endless buffet features an abundant variety of delicious familiar favorites and continuous new
menu offerings for breakfast, lunch and dinner. Golden Corral’s legendary, endless dinner buffet features an enormous
variety with 15 proteins including USDA, grilled to order sirloin steaks, pork, seafood, shrimp, and chicken. Golden Corral
is especially proud to serve USDA sirloin, aged and hand-cut daily by their in-restaurant butchers. The endless lunch
buffet features a wide variety of home-style classics like our pot roast simmered for 12-hours, made-from-scratch
meatloaf, crispy fried chicken, creamy mac and cheese, made-from-scratch mashed potatoes, beloved Bourbon Street
Chicken, so many fresh salad choices and dozens of other items. Its endless breakfast buffet features made-to-order
omelets, fluffy pancakes, hot-off-the griddle sausage and bacon, fruit, French toast, pastries and much more. Its bakery
and dessert buffet are filled with freshly baked breads, like our famous yeast rolls, homemade cakes and pies, delicious
cookies, brownies, pastries, and ice cream.
Golden Corral’s vision remains to be the leader in the family restaurant segment by making pleasurable dining affordable
for every guest, at every restaurant, every day.
Golden Corral is headquartered in Raleigh, North Carolina with nearly 500 locations across 40 states. About 100 of
stores are company-owned while the rest are franchisees. Gross sales are over $1.53 billion. Golden Corral’s past 35
years of success can be attributed to two main factors: strategic location for each restaurant and frseh ingredients. Most
of its stores are constructed away from direct competition and instead focus on small-town America. Golden Corral
differentiates itself by serving USDA sirloin hand-cut daily by their very own butchers.
LOCATION OVERVIEW
LOCATION OVERVIEW
LOCATION OVERVIEW
Location Overview
This Golden Corral is located at 4675 Highway 121, The Colony, Texas. The subject property is well-positioned just off
Highway 121 with traffic counts over 98,000 VPD. The Golden Corral is an outparcel to a Walmart Super Center and is sur-
rounded by many other national retailers, including Super Target, Home Depot, Kroger, Top Golf, Nebraska Furniture Mart,
Ross Dress for Less, Rooms To Go, PetSmart and many others.
The Colony, also known as the City by the Lake, is one of the best kept secrets in the heart of North Texas according to its
Chamber of Commerce. It apart of Denton County, Texas and is a suburb of Dallas. The Colony is easily accessible as it is
just a 15 minute drive to D/FW International Airport and a 25 minute drive to Dallas Love Field Airport and to Downtown
Dallas.
The Colony as been awarded Top 10 Most Affordable Homes in the US and Top 20 Best Places to Live in the U.S. by CNN/
Money Magazine.
TRAFFIC COUNTS
Hwy 121 & Josey Ln. 98,419 VPD
Hwy 121 & Market St. 93,686 VPD
Hwy 121 & Castle Hills Dr. 101,468 VPD
Surrounding Retail + MANY MORE!
SUBJECT PROPERTY PHOTOS SUBJECT PROPERTY PHOTO PAGE
SITE
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mpoet
LOCATIONAERIAL
OVERVIEWSITE
LOCATION
TRADE OVERVIEW
AREA AERIAL MAPLOCATION OVERVIEW DEMOGRAPHICS
LOCATION OVERVIEW
DEMOGRAPHICS
POPULATION Population
1 - Mile 3 - Miles 5 - Miles The estimated 2017 population within a 5 mile radius from the
Est. 2017 294 2,386 11,916 subject property is 11,916 with an estimated 3,315 households.
Proj. 2022 329 2,679 13,159
The projected current population is made up of 50.2% males
and 49.8% females. The median age is 37.2.
% Increase 2.4% 2.5% 2.1%
2017 AVERAGE HOUSEHOLD INCOME Household Income
1 - Mile 3 - Miles 5 - Miles The estimated average household income within a one mile ra-
Est. 2017 $93,944 $89,668 $89,277 dius from this property for 2017 is $127,755 with an estimated
Proj. 2022 $127,755 $117,966 $112,103
7.2% increase between now and 2022. The current per capita
income is estimated at $33,328 and is expected to go up by
% Increase 7.2% 6.3% 5.1%
7.2% by 2022.
TOP EMPLOYERS IN DENTON COUNTY
Employment
Employers # of Employees
The estimated 2017 labor force within a 5 mile radius is made
Peterbilt Motors 2,314
up of 168,454 people over age 16 with 101,597 businesses.
Texas Health Presbyterian Hospital 1,076
74.7% of the work force are white collar workers. The average
Denton Regional Medical Center 950 travel time to work is 26.3 minutes.
Sally Beauty Company, Inc. 950Information About Brokerage Services
Texas law requires all real estate license holders to give the following information about brokerage services to
prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:
• A BROKER is responsible for all brokerage activities, including acts performed by sales agents
sponsored by the broker.
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
Colliers International
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker Houston, Inc. 29114 houston.info@colliers.com (713) 222-2111
represents): __________________________ ______ ______________________ ________________
• Put the interests of the client above all other, including the broker’s own interest;
Licensed Broker/Broker Firm Name License No. Email Phone
• Inform the client of any material information about the property or transaction received by the broker; or Primary Assumed Business Name
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent (713) 830-2104
Gary Mabray
__________________________ 138207
______ gary.mabray@colliers.com
______________________ ________________
through an agreement with the owner, usually in a written listing to sell or property management agreement.
An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any
material information about the property or transaction known by the agent, including information disclosed Designated Broker of Firm License No. Email Phone
to the agent or subagent by the buyer or buyer’s agent/
AS AGENT FOR BUYER/TENANT: The broker becomes the buyers/tenant’s agent by agreeing to
represent the buyer, usually though a written representation agreement. A buyer’s agent must perform the
broker’s minimum duties above and must inform the buyer of any material information about the property or
transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
Patrick Duffy
__________________________ 604308
______ patrick.duffy@colliers.com
______________________ (713) 830-2112
________________
AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must
first obtain the written agreement of each party to the transaction. The written agreement must state who Licensed Supervisor of Sales License No. Email Phone
will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an Agent/Associate
intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;
• May, with the parties’ written consent, appoint a different license holder associated with the broker to
each party (owner and buyer) to communicate with, provide opinion and advice to, and carry out the
instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
• That the owner will accept a price less than the written asking price; Edward Archer Benton
__________________________
557247
______ ed.benton@colliers.com
______________________
(713) 830-2198
________________
• That the buyer/tenant will pay a price greater than the price submitted in a written offer;
and Sales Agent/Associate’s Name License No. Email Phone
• Any confidential information or any other information that a party specifically instructs the
broker in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an
agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and
must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN ____________ _____________ _______________
WRITING AND CLEARLY ESTABLISHED:
• The broker’s duties and responsibilities to you, and your obligations under the representation Buyer/Tenant/Seller/Landlord Initials Date
agreement.
• Who will pay the broker for services provided to you, when payment will be made and how the
payment will be calculated.
PREPARED BY:
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposed. It
does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice
below and retain a copy for your records.
Edward A. Benton
Vice President REPRESENTATIVE PHOTO
Colliers International | 1233 West Loop South, Suite 900 | Houston, TX 77027 | Main +1 713 222 2111 | Fax +1 713 830 2118 | www.colliers.comEXCLUSIVELY LISTED BY: Edward A. Benton
Vice President
exclusively listed
+ 713 830 2198
ed.benton@colliers.com
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