Address: 1001 E Davis St, Mesquite, Texas, United States 75149
Cap Rate: 5.75%
Lease Type: Triple Net (NNN)
Annual Rent: $126,000
Net Operating Income: $126,000
Lease Term Remaining: 20 Years
Rental Increases: 1.50% Annually
Options: Four (4), Five (5) Year Option Periods
Rentable Sq/Ft: 2,155 SF
Rent Sq/Ft: $58.47
Price Sq/Ft: $1017
Lot Size: +/-0.68 Acres
Marcus & Millichap is pleased to present the exclusive listing for a Golden Chick located at 1001 E Davis St, Mesquite, TX. The property consists of 2,155 square feet of building space and is situated on approximately 0.68 acres of land.
The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 1.50% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a corporate guaranty from Golden Franchising Corporation, the chain’s franchisor.
This Golden Chick property is located at 1001 E Davis Street in Mesquite, TX. Mesquite, a suburb located in Dallas county, is approximately 15 miles east of Downtown Dallas.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and schools. Major national tenants include: CVS Pharmacy, Walgreens, Kroger, Dollar Tree, O’Reilly Auto Parts, Sonic Drive-In, Taco Casa, Jack in the box, as well as many others. This Golden Chick property also benefits from being situated within a one-mile radius of several academic institutions. The most notable is Mesquite High School, which has a total enrollment exceeding 2,890 students. Additionally, the Mesquite Specialty Hospital, a long-term acute care services center for patients recovering from serious illnesses or injuries, is located within a two-mile radius of the subject property.
This area has very strong demographics, with 85,508 people residing within a three-mile radius and 212,932 people within a five-mile radius of this property. This Golden Chick is located on E Davis Street, which boasts average daily traffic counts of 10,980 vehicles. E Davis Street Drive intersects with Highway 352 and Bryan Belt Line Road, which bring an additional 19,700 and 22,100 vehicles into the immediate area on average daily.
A part of the Dallas / Fort Worth Metropolitan Statistical Area, the city of Mesquite, Texas is a suburb east of Dallas, Texas. Mesquite is positioned at the crossroads of three major interstates (I-30, I-635, I-20) allowing for ease of accesses for residents and visitors alike. The Mesquite Championship Rodeo, located in the air-conditioned Mesquite Arena, is open throughout the summer months; its 50-year run has earned the city of Mesquite the title of Rodeo Capital of Texas. The Devil’s Bowl Speedway is another major attraction in Mesquite, offering vehicle racing and competitions on the half-mile, outdoor dirt track. Town East Mall’s 164 stores is a haven not only for consumers but also fans of Ron Howard’s 1978 classic “Cotton Candy”. Mesquite has also been dubbed the Tree City by the National Arbor Day Foundation for twenty-five years running.
Broker of Record: Timothy Speck – License # 432723