Overview
Description
Golden Corral has 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually. The Tenant, AZ Z Corral, LLC owns & operates 3 Golden Corral locations. Golden Corral is Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
The Asset is Situated on a large ±2.46-acre lot – pad site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center with exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD! Pad site to a Walmart & Lowe’s Home Improvement Shopping Center; major retailers nearby includes Ross Dress for Less, PetSmart; 6 miles from Cabela’s, Tanger Outlets Phoenix (a 410,734 SF outlet center with key tenants such as Saks OFF 5TH, H&M, Gap Outlet, Coach, Polo Ralph Lauren, Michael Kors, Columbia Factory Outlet, and Under Armour. It is 6 miles from State Farm Stadium – (home of the Arizona Cardinals) is an iconic, multi-purpose stadium, encompassing over 1.7 million square feet of space with a seating capacity of 63,400; 6 miles from Westgate Entertainment District – a mixed-use development and is anchored by Desert Diamond Arena with key tenants such as AMC Theatres, Dave & Busters, and Chicken N Pickle. Golden Corral is 1.5 miles from Glendale Community College – a community college offering more than 100 degree & certificate programs with 15,039 students; Less than 5 miles from Banner Thunderbird Medical Center – an acute-care hospital providing healthcare services to residents in Glendale with 555 patient beds
JESSICA GIBSON
Owner | Designated Broker
LIC# BR509621000
[email protected]
Property Highlights
- ABSOLUTE NNN LEASE: 9 years remaining on initial 20-Year Absolute NNN Lease with attractive 1.75% rental increases annually
- 2025 DEMOGRAPHICS: Total Population (5MI): 499,601 | Average Household Income (1MI): $88,974
- EXTREMELY HIGH SALES LOCATION: Successfully open & operating since 2015 and Rent-to-Sales Ratio is less than 2%!
- TENANT: AZ Z Corral, LLC owns & operates 3 Golden Corral locations
- LARGE PARCEL | TRAFFIC COUNTS: Situated on a large ±2.46-acre lot – pad site to a Lowe’s Home Improvement & Walmart Anchored Shopping Center with exceptional visibility & access along Northern Avenue with traffic counts of 29,450 CPD!/li>
- ADDITIONAL UPSIDE: Tenant is only leasing 1.20 acres of the total parcel size. The remainder could be leased to an additional tenant in the future./li>
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