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Hooters Restaurant

Summary
  • Listing Price: $2,770,000
  • CAP Rate Current: 6.00%
  • Lot Size: 1.14 Acres
  • Approx Year Built: 2002/2018
  • Price Per Sq Ft: $598.79
Investment Highlights
  • Absolute NNN Lease – No Landlord Responsibilities
  • Outparcel to a 500,000 SF power center anchored by Target, The Home Depot, Belk, Michaels, Marshalls, Petsmart, Old Navy and Home Goods.
  • 15-Year Lease With 13 Years Remaining
  • Two, Five-Year Options
  • 1.75% Annual Increases
  • Corporate Guarantee
  • Original Tenant since 2002
  • $250,000 Plus In Tenant Improvements to Be Completed by No Later Than Mid 2018
  • Just Off of Interstate I-75, which has Traffic Counts of Approximately 124,297 Cars Per Day