Chicken Express | 15yr Abs NNN SLB
2,995 SF | Retail Building | Haltom City, TX 76148 | $2,861,000 ($955/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,861,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,995 SF
- Price / Square Foot
- $955
Listing Contacts
Jake Prater
Verified Profile
Matthew Mousavi
Verified Profile
Patrick Luther
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, freestanding, Chicken Express investment property located in Haltom City, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma.
Property Details
- Class
- C
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 58,370 SF
Highlights
- 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Value Center (618,000 SF) | Shoppes at Crown Point (178,000 SF) |Dense Retail Corridor
- Denton Highway (41,500 VPD) | Interstate 820 (168,700 VPD) |Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base
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