Golden Chick
Texarkana, Texas
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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