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29004479
29004480

3000 College Ave, Snyder, TX 79549

JR
TX 0661281
McCullar Properties
CM
0635496
McCullar Properties
Listed by McCullar Properties
$2,050,000
164 days on market
Updated 91 days ago

Zero Net Golden Chic - Snyder, Tx

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,039
Net Rentable (SqFt) 2,039
Units 1
Cap Rate 4.48%
NOI $91,865
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/01/2043
Remaining Term 16.8
Rent Bumps Yes
Lease Options Three 5 year options
Pro-Forma Cap Rate 5.37%
Pro-Forma NOI $110,000
Price per SqFt $1,005
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 0.430
Zoning C2
Parking Spaces 20 spaces
Parking Per SqFt 9.81
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/01/2023
Occupancy Date 03/01/2023
Ownership Of Record

Absolute NNN - 17 years remaining on initial lease

Marketing description

This offering presents the opportunity to acquire a Golden Chick restaurant located in Snyder, a stable West Texas trade area supported by energy, education, and regional commerce.

The property is positioned along a high-visibility commercial corridor, benefiting from strong daily traffic counts and convenient access to surrounding residential neighborhoods, retail nodes, and employment centers. Golden Chick is a well-established, Texas-based quick-service brand with decades of operating history and a loyal customer base, providing investors with durable cash flow and long-term brand relevance.

The asset features a freestanding building with drive-thru, purpose-built for QSR operations, and is operated under a long-term, triple-net (NNN) lease structure, minimizing landlord responsibilities and delivering predictable, passive income. The lease is supported by a seasoned operator and offers built-in rent escalations, providing a hedge against inflation and long-term income growth.

Snyder serves as a regional hub for Scurry County, anchored by the energy sector, healthcare, and higher education, including Western Texas College. The area’s steady employment base and limited supply of institutional-grade net-lease assets make this offering particularly attractive for investors seeking stable yield with minimal management intensity.

Cost Segregation & Accelerated Depreciation Opportunity

A cost segregation study was performed on the property, identifying approximately 25% of the building’s depreciable basis as qualifying for accelerated depreciation treatment for the current owner.

This reclassification allows a purchaser to potentially utilize bonus depreciation and/or 5-, 7-, and 15-year property lives, significantly accelerating deductions compared to standard 39-year commercial depreciation.

For many investors, this may:

Substantially increase first-year depreciation deductions

Create or enhance paper losses to offset passive income

Reduce taxable income — potentially to near or at $0 in the early years of ownership, depending on capital structure and tax profile

Improve after-tax cash-on-cash returns

Investment highlights

Key Investment Highlights

  • Corporate-recognized QSR brand with strong Texas presence

  • Long-term NNN lease with limited landlord obligations

  • Drive-thru configuration catering to modern consumer demand

  • Strategic retail corridor location with strong visibility

  • Stable West Texas market supported by diversified employment drivers

  • For many investors, this may:

    Substantially increase first-year depreciation deductions

    Create or enhance paper losses to offset passive income

    Reduce taxable income — potentially to near or at $0 in the early years of ownership, depending on capital structure and tax profile

    Improve after-tax cash-on-cash returns

Listing Contacts

JR
TX 0661281
McCullar Properties
CM
0635496
McCullar Properties
Listed by McCullar Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,865.00
$7,655.42/mo

Valuation Metrics

0
DSCR
4.48%
Cap Rate
4.48%
ROI

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Additional Information

Name
Josh Rader
License
0661281
Brokerage
Mccullar Properties Group
Brokerage Phone
3256654037
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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