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14647491
14647492

6995 FM 1021, Eagle Pass, TX 78852

No Longer For Sale
AS
TX TX 727044
DS
TX 685656
Marcus & Millichap - Dallas
HL
Crexi Contact
Commercial Real Estate Exchange Inc
Listed by Marcus & Millichap - Dallas, Commercial Real Estate Exchange Inc
Unpriced
Updated 789 days ago
Closed

Absolute NNN | Church's Texas Chicken

Zero landlord responsibilities

Marketing description

For registration requirements and regulations, please review here or Hannah Ladenheim | 936-203-8562| [email protected].

This property is going to auction on CREXi.com from March 4 to March 6, 2024. This is an absolute NNN investment with zero landlord responsibilities, providing a hassle-free investment opportunity. The property is currently leased to Church's Chicken, operated by an experienced multi-unit franchisee, AVA Chick TX, LLC. With a remaining lease term of 8 years and a solid NOI of $66,000, this property offers stable long-term income potential. Not only does this property boast a prime location and a reliable tenant, but it is also situated in a tax-free state, Texas. The ±1,872 SF building sits on ±0.46 acres of land and is zoned for general commercial use. Church's Chicken is a well-established brand with a rich history and a loyal customer base. They are known for their handcrafted flavor and unique recipes. With over $1.3 billion in annual revenue and a strong presence in Texas, Church's Chicken is a trusted and successful franchise. Don't miss this unique investment opportunity!

  • Non-Contingent

  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

  • Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum

  • $10,000 Participation Deposit

6995 FM 1021, Eagle Pass, TX 78852

Investment highlights

  • Absolute NNN
  • 0.46 Acres
  • Built in 2017
  • $66,000 NOI
  • 8 years remaining on lease term with two additional five-year option periods
  • Multi-Unit Franchisee
  • Income Tax Free State
  • Zero Landlord Responsibilities

Listing Contacts

AS
TX TX 727044
DS
TX 685656
Marcus & Millichap - Dallas
HL
Crexi Contact
Commercial Real Estate Exchange Inc
Listed by Marcus & Millichap - Dallas, Commercial Real Estate Exchange Inc

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Additional Information

Name
Anson Switzer
License
TX 727044
Brokerage
Venture Commercial Real Estate
Name
Derek Schuster
License
685656
Brokerage
Marcus & Millichap
Brokerage Phone
972-755-5251
Title
Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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