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Golden Chick

Retail | 5.50% CAP | 2,086 SF

Listing Contacts

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Active

Asking Price: $2,410,915
Listing Broker NameBrian Brockman
Brokerage NameBang Realty-Texas, Inc
Address 

3209 Forest Hill Cir, Forest Hill, TX 76140

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Date Added
Dec 20, 2024
Days on Market
89 days
Time Since Last Update
36 days

Details

Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Investment Sub TypeRestaurant - Quick Service
Lease TypeNNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantGolden Chick
Lease Term20 years
Remaining Term20 years
Square Footage2,086
Cap Rate5.50%
Occupancy100%
NOI$132,600
Year Built2023
Buildings1
Stories1
Lot Size (acres)0.67

Marketing Description

NNN Pro is pleased to present the exclusive listing for a Golden Chick located at 3209 Forest Hill Circle, Forest Hill, TX 76140.​ The site consists of roughly 2,086 rentable square feet of building space on an estimated 0.67-acre parcel of land.​ This Golden Chick is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow.​ The annual rent will be $132,600 and has scheduled increases of 1.50% annually.​

Investment Highlights

  • Absolute Triple Net (NNN) Sale-Leaseback | The subject investment property will be subject to a 20-year absolute triple net (NNN) lease at the close of escrow, holding zero landlord responsibilities and demonstrating strong commitment to the site.

  • Attractive Rental Increases | This lease features strong rental increases of 1.50% Annually, hedging against inflation.

  • Strong Corporate Guarantee | This lease is subject to a strong corporate guarantee from the Golden Operating Corporation with over 225 locations throughout the United States.

  • No State Income Tax | Investments within Texas offer the significant advantage of no state income tax, maximizing the return on investment.

  • Strong Corporate Growth | Golden Chick has opened 11 locations this year, and plans to reach 500 locations by 2030, making it a promising investment opportunity due to its potential for significant market expansion.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,600.00
$11,050.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Name
Brian Brockman
Broker License
701472
Brokerage Name
Bang Realty-Texas, Inc
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