Cape Girardeau Area and Southeast Missouri Commercial Real Estate...

GOLDEN CORRAL WILL OPEN IN CAPE

130 Vantage, Cape Girardeau, Missouri

When Ryan’s closed their doors in Cape Girardeau along with several of their restaurants nationwide, it made an opportunity for a competing buffet to open in the same location.  A Golden Corral spokesman confirmed the property will become their newest restaurant in the Midwest. Tom Kelsey, commercial broker with Lorimont Place, Ltd, who is handling the sale said the 10,777 square-foot restaurant property located on 2.07 acres will be completely remodeled by Golden Corral to incorporate their standard national design.  Kelsey said the existing size,  high traffic and visibility location adjacent to the Route K  I-55 interchange was attractive to the buyer as well as several other prospects.  Also appealing at the location is a new convention center and multiple story hotel is being is constructed next door to the restaurant property.  There are 500 Golden Corral restaurants locations in 40 states according to the company’s website.  Kelsey said there was significant interest in the available restaurant property from several different restaurant operators and that speaks well for Cape Girardeau attracting new businesses.  No sales price was disclosed, but the Lorimont website shows an asking price of $1.3 million.

 
© 2008 Lorimont Place, Ltd.    276 S. Mount Auburn Road    Cape Girardeau, MO 63703    Phone: 573-334-5200    Fax: 573-332-7979