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26947304
26947307

8677 N Beach St, Fort Worth, TX 76244

JT
AZ AZ SA653272000
Retail Investment Group LLC
SD
AZ AZ BR101032000
Retail Investment Group LLC
Listed by Retail Investment Group LLC
$2,349,933
261 days on market
Updated 63 days ago

Golden Chick

Details
APN 42063726
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 1,500
Units 1
Cap Rate 6.05%
NOI $142,171
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes, KFC (+3)
Lease Type Absolute NNN
Lease Expiration 10/31/2043
Remaining Term 17.4
Rent Bumps Yes
Lease Options (4) 5-Year Options
Price per SqFt $1,567
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 1.030
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/01/2023
Ownership Fee Simple (Land & Building)

Absolute NNN Fee Simple - 1.5% Annual Increases - 18 years remaining - DFW MSA

Marketing description

Retail Investment Group is pleased to present for sale this Golden Chick in Fort Worth, Texas with an estimated population of over 1M as of 2024. This opportunity features a long-term absolute NNN lease with 18 years remaining and 1.5% annual increases. Construction completed in September 2023. This ±1,500-square-foot building is situated on a ±1.03-acre lot.

Investment highlights

Long-term absolute NNN with ZERO landlord responsibilities and 18 years remaining

Golden Chick Corporation has first right to assume location should tenant ever be in default

Adjacent to Pep Boys and Sonic along Beach Street Retail Corridor

New 2022 senior living apartment complex behind property

2023 construction (completion - September 1, 2023)

±1,500-square-foot building, plus +150 SF walk-in freezer

Operator’s Locations are Top 10% of Systemwide Store Sales. Ask Broker for Details.

Listing Contacts

JT
AZ AZ SA653272000
Retail Investment Group LLC
SD
AZ AZ BR101032000
Retail Investment Group LLC
Listed by Retail Investment Group LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,171.00
$11,847.58/mo

Valuation Metrics

0
DSCR
6.05%
Cap Rate
6.05%
ROI

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Additional Information

Name
Brian Brockman
License
701472
Brokerage
Bang Realty-Texas Inc
Brokerage Phone
513-898-1551
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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