Chicken Express | 15yr Abs NNN SLB | 5516 Denton Hwy
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Chicken Express | 15yr Abs NNN SLB 5516 Denton Hwy
2,995 SF Retail Building Haltom City, TX 76148 $4,138,436 CAD ($1,382 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
- Value Center (618,000 SF) | Shoppes at Crown Point (178,000 SF) |Dense Retail Corridor
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Denton Highway (41,500 VPD) | Interstate 820 (168,700 VPD) |Excellent Visibility & Access
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, freestanding, Chicken Express investment property located in Haltom City, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,995 SF
Building Class
C
Year Built
2020
Price
$4,138,436 CAD
Price Per SF
$1,382 CAD
Cap Rate
6%
NOI
$248,311 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.34 AC
Zoning
c-2 - Commercial
Parking
40 Spaces (13.36 Spaces per 1,000 SF Leased)
Frontage
42 ft on Denton Highway
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42563494 | Improvements Assessment | $923,259 CAD |
| Land Assessment | $495,341 CAD | Total Assessment | $1,418,600 CAD |
PROPERTY TAXES
Parcel Number
42563494
Land Assessment
$495,341 CAD
Improvements Assessment
$923,259 CAD
Total Assessment
$1,418,600 CAD
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Chicken Express | 15yr Abs NNN SLB | 5516 Denton Hwy
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