Hooters
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.
Lowest Cap Rate
5.57%
Average Cap Rate
6.90%
Property & Lease
Average Sale Price
$2,500,000 – $3,000,000
Average NOI
$150,000 – $175,000
Building SF
4,500-6,000
Lease Term
20 Years
Escalations
Varies
Stock Symbol
CAPITALCOM:US500
Credit Rating
S&P
N/A
Moody’s
N/A