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Golden Chick

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NNN Pro Group is pleased to present the exclusive listing for a Golden Chick located at 4415 W 7th Street, Texarkana, Texas. The site consists of roughly 2,077 rentable square feet of building space on estimated 1.00-acre parcel of land. This Golden Chick is subject to a 20-year absolute triple-net (NNN) lease, which commences on close of escrow. The current annual rent is $126,000 and is scheduled to increase by 1.5% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

– Brand New 20-Year Sale-Leaseback
– Triple Net (NNN) Lease with Zero Landlord Responsibilities
– Corporate Guaranty from Golden Franchising Corporation, the Chain’s Franchisor
– Attractive Rental Increases | 1.5% Annually
– Four (4) Tenant Renewal Periods of Five (5) Years Each

Red Lobster

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NNN Pro Group is pleased to present the exclusive listing for a Red Lobster located at 3002 Saint Michael Dr., Texarkana, TX 75503. The site consists of roughly 6,650 rentable square feet of building space on estimated 1.77-acre parcel of land. This Red Lobster is subject to a 15.43-year absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

– Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
– +/- 15.4 Years Of Lease Term Remaining With 2.00% Annual Bumps
– Four (4), Five (5)-Year Tenant Renewal Options
– Corporate Tenant | Corporate Guarantee
– Ranked in the 71st Percentile in Site Visits Out of All Red Lobster Locations According to Placer.AI* (18,991/66,997)

Take 5 Oil Change

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NNN Pro Group is pleased to present the exclusive listing for a Take 5 Oil Change located at 4210 North State Line Avenue in Texarkana, Arkansas. The site consists of roughly 1,418 rentable square feet of building space on estimated 0.66-acre parcel of land. This Take 5 Oil Change is subject to a 20-year absolute triple-net (NNN) lease, commencing at the close of escrow. The current annual rent is $110,000 and is scheduled to increase by 1.50% annually and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guarantee from Driven Funding Holdco, LLC (~3,500+ Units)
✓ Attractive Rental Increases | 1.50% Annually Starting Year 2
✓ Four (4), Five (5)-Year Tenant Renewal Options