Golden Corral NNN Property For Sale — Sioux City, IA
5230 Sergeant Rd, Sioux City, IA 51106
This Golden Corral property offers an exceptional investment opportunity with a long-term, absolute net lease in Sioux City, IA. With 13 years remaining on a 15-year lease, the property features attractive 10% rental increases every five years and two five-year renewal options. Strategically located on a prominent commercial thoroughfare, it benefits from high traffic counts and a robust demographic profile with strong household incomes. The location is surrounded by major national retailers and two significant shopping centers, enhancing its desirability and long-term value. This is a fee simple interest offering, providing a stable income stream from a well-established brand.
- Address: 5230 Sergeant Rd, Sioux City, IA 51106
- Asking price $4.09M
- 5.50% cap rate
- NOI $225,000
- 4.5 years remaining
- NNN lease
- Year built: 2008
- Building size: 11,092 SF
- Lot size: 2.27 acres
- Lease expiration: Feb 28, 2031
- Rent increases: Years 5-10: $247,500 (6.05% Cap); Years 11-15: $272,250 (6.65% Cap); Option 1: $299,475 (7.32% Cap); Option 2: $329,422.44 (8.05% Cap)
- Guarantor: Corporate
Location
This Golden Corral property is at 5230 Sergeant Rd in Sioux City, Iowa.
Asset type: QSR