ORION Sells Golden Corral for $413 per Square Foot

Article originally posted on HERE on January 18, 2019

ORION Investment Real Estate is pleased to announce the sale of the 10,015-square-foot Golden Corral in Yuma, Arizona. Selling for $4,131,633, and nearly $413 per square-foot, the stable and successful Golden Corral Restaurant has been operating since mid-2004.

The transaction was listed, marketed and closed in 65 days. Judi Butterworth, Senior Vice President of ORION, represented the Seller, Edwards Corral LLC. Butterworth said, “This was a win-win for both the buyer and the seller. The well-located restaurant is successful, fairly priced, and has a strong history. The buyer was able to take advantage of this, plus the building is located in an Opportunity Zone.”

The property is situated at the intersection of two major highways, Interstate 8 and Arizona 95. Across Interstate 8, Yuma Palms Regional Center is an outdoor regional mall that includes Target, Dillard’s, JC Penney and Sam’s Club.  Radisson, Fairfield, Baymont by Wyndham, Homewood Suites, and Hampton Inn & Suites are just some of the examples of hotels in the immediate trade area.