Golden Chick

Texarkana, Texas

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

Key Details

Price:: $2,290,909
Cap Rate:: 5.50%
Annual Rent:: $126,000
Address:: 4415 W 7th Street, Texarkana, Texas 75501
Property Type:: Quick Service Restaurant
Lease Type:: Triple Net (NNN)

Original Lease Term:: 20 Years
Lease Commencement:: Close of Escrow
Lease Expiration:: 20 Years from Close of Escrow
Lease Term Remaining:: 20 Years
Rental Increases:: 1.50% Annually
Lot Size:: 1 Acres
Building Size:: 2,077 SF
Year Built:: 2023
Tenant:: Golden Chick

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Ryan Sblendorio

rsblendorio@nnnpro.com

License: 10401309105

Matthew Anuszkiewicz

manuszkiewicz@nnnpro.com

License: 10401294046

Andrew Darby

adarby@nnnpro.com

Broker of record

Brian Brockman

Bang Realty-Texas, Inc

License: 701472

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