Lowest Cap Rate
6.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.25%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
7.22%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Hooters is a sports bar restaurant known for its wings and full bar. Hooters has 420 locations in 42 states across the country. Their typical 20-year NNN lease relieves the landlord of all responsibility and includes various rental escalations. The building size is on average 4,500-6,000 square feet and could be easily backfilled if Hooters were to vacate the property.
Property & Lease
Sales Price Range$2,500,000 - $3,000,000
NOI Range$150,000 - $175,000
Building SF4,500-6,000
Lease Term20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
7.08
6.76
N/A
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Concord, NC6.75%
Daytona Beach, FL7.22%
Columbia, SC7.77%
Top Consumer Traffic
Miami, FL361,900
Long Beach, CA327,000
Tampa, FL299,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
