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Daniel Hoogesteger

Sands Investment Group

Office Phone: 310-774-3772

 

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Published on: Monday, April 20, 2015 2:05:22 AM
Updated on: Monday, June 29, 2015 2:03:56 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Arizona-41066

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 0

 

Building Size: 6,207 SqFt

Lot Size: 1 Acre

No of Stories: 1

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: The first Hooters opened October 4, 1983, in Clearwater, Florida. The Original Six founders were quickly detained for impersonating restaurateurs, but fortunately for America, they were soon allowed to go about their business. During its history, the Hooters concept has remained true to its roots. The current logo, uniform, menu and ambiance are all very similar to what existed in the original store. This consistency is understandable given Hooters continued success and high ranking amongst the industry's growth leaders.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 5.41

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 6,207 SqFt.

No of Stories: 1

Total Lot Area: 1.20 Acre

No of Parking: 0

No of Total Units: 1

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Metal

Occupancy: 100%

Full Description


The first Hooters opened October 4, 1983, in Clearwater, Florida. The Original Six founders were quickly detained for impersonating restaurateurs, but fortunately for America, they were soon allowed to go about their business. During its history, the Hooters concept has remained true to its roots. The current logo, uniform, menu and ambiance are all very similar to what existed in the original store. This consistency is understandable given Hooters continued success and high ranking amongst the industry's growth leaders.   Hooters of America operates and franchises more than 420 Hooters restaurants in about 40 states and more than 27 countries. The casual beach-themed establishments feature music, sports on large flat screens, and a menu that includes seafood, sandwiches, burgers, salads, and of course, Hooters original chicken wings. Others have arrived, departed, and even flat out copied our formula, but we remain the genuine original.

Additional Properties


Property Highlights
  • Fully remodeled restaurant. Leased to Hooters for 20 years. 10% rental increases every five years including options (4, 5 year options).
  • Outparcel to Desert Sky Mall.
  • Dense Infill Location – Over 220,000 People within a 5-mile Radius
  • Rent to Sales Ratio under 6%
  • Year after Year Historical Increase in Sales Volume

Attached Documents


 Download | West Shore Plaza II, Holland MI OM.pdf ( 2,241.61KB)

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