
Lowest Cap Rate
6.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.20%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
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
6.89
6.76
6.00
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