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27668693
27668694

2803 N Big Spring St, Midland, TX 79705

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments
$1,800,000
230 days on market
Updated 52 days ago

Golden Chick

Details
APN R000027505
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,215
Cap Rate 5.5%
NOI $99,000
Occupancy 100%
Tenancy Single
Brand/Tenant Golden Chick
Lease Type Net
Lease Term 15
Remaining Term 15
Lease Options 4 (five) year options
Price per SqFt $813
Broker Co-Op Yes
Class A
Year Built 2019
Acreage 0.390
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Just Listed: Drive-Thru Golden Chick | 15 Yrs ABS NNN | $2.09M | $150k AHHI | Midland, TX

Marketing description

Faris Lee Investments is pleased to present the opportunity to acquire a new drive-thru Golden Chick restaurant located in Midland, Texas. The property is secured by a 15-year Absolute NNN lease featuring 10% rental increases every 5 years, providing investors with stable income, inflation protection, and zero landlord responsibilities.

The site offers prime visibility along Big Spring Street (23,200+ VPD) that serves as Midland’s main north-south thoroughfare and is surrounded by national retailers and strong regional traffic drivers. The property benefits from 24,000+ residents within 3 miles and an average household income exceeding $150,000, highlighting the area’s strong consumer base.

Golden Chick, founded in 1967, has grown to 240+ locations across Texas, Oklahoma, Louisiana, and Mississippi, including 217+ in Texas alone. The brand maintains a loyal following and deep recognition across the Lone Star State. This location is operated by an experienced multi-unit franchisee who also owns McAlister’s Deli and Jamba Juice restaurants, demonstrating strong operational capacity and performance.

Midland–Odessa is the fastest-growing metro in Texas, posting 2.8% annual population growth over the past five years. The region anchors the U.S. energy market, producing 40% of the nation’s oil and 22% of its natural gas, supporting exceptional employment and income levels.

This offering provides investors a fee simple interest in a newly constructed, drive-thru Golden Chick — delivering long-term stability, full depreciation benefits, and a passive investment in one of Texas’s most dynamic growth markets.

Investment highlights

  • DRIVE-THRU GOLDEN CHICK IN MIDLAND TEXAS: REGIONAL BRAND WITH MORE THAN 217 LOCATIONS IN THE LONE STAR STATE

  • 15 YEAR LEASE TERM WITH 10% RENTAL INCREASES | MIDLAND-ODESSA TX: FASTEST GROWING METRO IN TEXAS

  • ABSOLUTE NNN LEASE: ULTIMATE EASE OF MANAGEMENT FOR INVESTOR

  • FEE SIMPLE INTEREST IN NEWLY CONSTRUCTED QSR ASSET: DEPRECIATION & OWNERSHIP ADVANTAGES

  • EXCELLENT DEMOGRAPHICS: AFFLUENT & DENSE POPULATION | PRIME VISIBILITY AND ACCESS OFF BIG SPRING ST (+23,200 VPD)

  • PROVEN & EXPERIENCED MULTI-UNIT OPERATOR

Listing Contacts

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,000.00
$8,250.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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