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Golden Corral | 20YR Lease | Bloomington MSA 1521 James Ave

6,882 SF Retail Building Bedford, IN 47421 $8,423,821 CAD ($1,224 CAD/SF) 7% Cap Rate

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Investment Highlights

Situated Along State Road 37, a Major Thoroughfare in Indiana, Offering High Visibility and Easy Access with Strong Traffic Counts Exceeding 36,000 V
Part of Bloomington Metropolitan Area – An Important Hub in Indiana With a Population Exceeding 160,000
Absolute Triple Net (NNN) Lease – Absolute NNN Lease With Zero Landlord Responsibilities

Nearby Several Retailers Including Lowe’s, Big Lots, Harbor Freight, ALDI, Durham Sports, KFC, Joann, Goodwill, Walmart Supercenter, Dollar Tree, Bob
Brand New 20 Year Lease to Begin at COE
Attractive Rental Increases | 10% Every 5 Years, Including Option Periods

Executive Summary

Brand New 20-Year Sale Leaseback | Zero Landlord Responsibilities | High Performing Site | Healthy Sales Ratio | Part of the Bloomington MSA

OM - Golden Corral - 1521 James Ave, Bedford, IN 47421 3

Property Facts

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,882 SF

Building Class

Year Built

1986

Price

$8,423,821 CAD

Price Per SF

$1,224 CAD

Cap Rate

NOI

$589,668 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

1.43 AC

Opportunity Zone

Yes

Amenities

Corner Lot

Monument Signage

MAJOR TENANTS

Accommodation and Food Services
6,882 SF
-
Net
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When their first Golden Corral® restaurant opened in Fayetteville, NC back in 1973, a fledgling Golden Corral Corporation took a confident first step into the restaurant business. From day one, they established the tradition of friendly service, great value and fresh, tasty food. Golden Corral® family-style restaurants specialize in the biggest and best buffet and grill available anywhere. Their famous Golden Choice Buffet® contains an array of hot meat options, as well as pasta, pizza, fresh vegetable choices, salad bar and a selection of carved meats at dinner and on Sundays.