4417500 l NOI: $331312 | CAP

New Pavilion Prototype
GOLDEN CORRAL
5001 Ming Ave – Bakersfield, CA 93309
Price: $4,417,500 l NOI: $331,312 | CAP: 7.5%
Phone: 212.972.7457
Fax: 212.686.0078
exp@exp1031.com
www.exp1031.com
 Corporate Golden Corral Sale Leaseback
 New 15 Year Triple Net (NNN) Lease with Five Percent Escalations Every Five Years
 New Construction and New Larger Pavilion Concept with Higher End Endless Buffet
 287,999 Population within Five Miles
 Excellent 1031 Exchange Property
 Traffic Count: 30,990 VPD
 Near The Sports Authority and Valley Plaza Mall
GOLDEN Valley
CORRAL
Whisper
Ranch
Property Line
Investment
Overview
Map
PROPERTY OVERVIEW:
EXP Realty Advisors exclusively offers for sale this new Golden Corral located in Bakersfield, CA at 5001 Ming Ave. The
subject property is a 14,155 sq. ft., single-tenant restaurant on 2.13 acres of land. The Pavilion concept is the new
prototype Golden Corral is rolling out as a part of its growth and expansion plan. Pavilion Golden Corrals have a higher
end buffet in a 20% larger building. Golden Corral Corporation (the parent company and franchisor of the concept) will
provide a 15 year guarantee on an absolute triple net lease. Golden Corral is the leading buffet restaurant chain in the
country with over 480 restaurants in 41 states. System wide annual sales exceed $1.5 billion with average unit volume of
approximately $6,000,000 in the Pavilion concept (this may not be representative of this location).
LOCATION OVERVIEW:
The property is located on a high traffic retail corridor with in excess of 30,000 vehicles per day. Area retailers include
Valley Plaza Mall (Macys, Sears, JC Penney, Harris/Gottschalks, Robinsons May), Target, Marshalls, Michaels, Home
Depot, Olive Garden, Ross, Sports Authority, and Office Max.
Bakersfield is a city near the southern end of the San Joaquin Valley in Kern County, California. It is roughly equidistant
between Fresno and Los Angeles, 110 mi to the north and south respectively. The city's population was 323,358 at the
2010 census, making it the 9th largest city in California and the 51st largest city in the United States. The Bakersfield
Metropolitan Statistical Area (MSA) has a population of 817,073 making it the 63rd largest metropolitan area in the
country. It is California's third largest inland city, after Fresno and Sacramento. The city's economy relies on
agriculture, petroleum extraction and refining, and manufacturing. Bakersfield has a growing manufacturing and
distribution sector. Several companies have moved to Bakersfield because of its access to international ports in both Los
Angeles and Oakland. Other companies have opened regional offices and non-oil/agricultural businesses because of
Bakersfield’s and Kern County’s business friendly policies, such as the lowest sales tax in California and no local utility or
inventory taxes. Products manufactured in the city include: ice cream (world’s largest ice cream plant), central
vacuums, highway paint, and stock racing cars.
LEASE SUMMARY:
Triple Net Rent:
Escalations:
Expiration Date:
Options:
Lease Type:
INVESTMENT SUMMARY
Price:
$4,417,500
CAP Rate:
7.5%
NNN Rent:
$331,312.50
Bld. Sq Ft:
14,155 sf
Land Size:
2.13 ac
Lease Type:
Triple Net Lease
$331,312.50
5% every five years in base term and options
15 years from close of escrow
Five (5) year options
Absolute Triple Net
TENANT OVERVIEW: Golden Corral Corp.
Golden Corral is an American family-style restaurant chain that features a large buffet and grill offering numerous hot and
cold items, a carving station and their Brass Bell Bakery. Golden Corral's legendary, endless buffet features an abundant
variety of delicious familiar favorites and continuous new menu offerings for breakfast, lunch and dinner. Golden Corral’s
vision is to be the leader in the family restaurant segment by making pleasurable dining affordable for every guest, at all
480 locations. It is a privately held company headquartered in Raleigh, North Carolina. System wide sales exceed $1.5
billion.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
GOLDEN Valley
CORRAL
Whisper
Ranch
West High School
Curran
JR High School
California 99 | 114,000 VPD
Labeled
Aerial
Property
Area
History
Line Map
OJ Actis
JR High School
Valley Plaza Mall
Stine
Elementary
School
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LABELED AERIAL
GOLDEN Valley
CORRAL
Whisper
Ranch
Labeled
Aerial
Property
Area
History
Line Map
Ming Ave | 30,990 VPD
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LABELED AERIAL
GOLDEN Valley
CORRAL
Whisper
Ranch
Floor History
Plan
Property
Area
Line Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
FLOOR PLAN
GOLDEN Valley
CORRAL
Whisper
Ranch
Location Line
Map Map
Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP
GOLDEN Valley
CORRAL
Whisper
Ranch
Location Line
Map Map
Property
Radius
3 Mile
5 Mile
10 Mile
Population:
145,000
287,999
516,922
2010 Avg Household Income
$54,787
$56,924
$59,497
2010 Med Household Income
$43,552
$44,823
$46,801
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP
GOLDEN Valley
CORRAL
Whisper
Ranch
Property Line Map
Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #808
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
Robert P. James
President
Phone: (212) 972-7457
Email: rob@exp1031.com
Daniel de Sa‘
Director of Sales
Phone: (212) 972-7457
E-mail: dan@exp1031.com
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.