Property Name

Golden Corral

GLA 10,500 SF

Percent Leased 100% Leased

Property Description

Golden Corral is a 10,500 SF absolute net leased retail asset shadow anchored to Walmart on the booming Sam Rayburn Tollway (Highway 121) corridor in The Colony, Texas. Positioned within a dense regional trade area, the Property is located 15 minutes east of Dallas Fort Worth International Airport and 20 minutes north of Downtown Dallas.  Golden Corral’s lease runs through August 2025 at $16.00 PSF NNN which is at or below market for comparable retail space creating potential for upside opportunity. The lease features zero landlord responsibilities. Offered at an attractive 8.50% cap rate, the Property is priced at $19.43 PSF to the land and well below replacement cost at only $188.19 PSF to the building. Situated on an oversized parcel comprised of 2.33 acres (101,687 SF) of land, Golden Corral offers intriguing potential for multiple pad site development in the future.  Notable national retailers in the immediate area include Nebraska Furniture Mart, Target, Kroger Marketplace, Ross, Ulta Beauty, Top Golf, PetSmart, 24 Hour Fitness, Chick-fil-A, Chipotle and Starbucks, among numerous others.