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Businesses For Sale   >>   North Carolina Businesses For Sale Categories   >>   

Lone Star Steakhouse Nnn For Sale

Location  North Carolina,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $0
Net Profit / Cash Flow  $204176
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1998
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Focus on other investments.
Description  List price $2,400,000 Price Per GLA $336.00 Price Per Sq. Ft. $336.00 NOI $204,176 CAP 8.5% Building Sq. Ft. 7,147 Land Acres 1.64 Occupancy Lone Star Steak House Construction: Class A wood frame construction Parking: Adequate Tenant: Lone Star Steakhouse & Saloon is a casual dining restaurant chain serving steak, seafood , salad and more. The company is owned by a private equity group which operates 180 locations. net-leased asset occupied by Lone Star Steakhouse & Saloon on a 15-year, absolute net lease. The lease calls for no landlord obligations and is backed by LSF5 Cactus (the operating company of 180 Lone Star Steakhouse & Saloon Restaurants). There are 2% annual rent increases and two 5-year renewal options. For more information please email or contact Windy Rosengart at 912-258-1749.
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