Marcus & Millichap is pleased to present the exclusive listing for a Golden Chick located at 2887 W Ovilla Rd in Ovilla, TX. The property consists of 2,464 square feet of building space and is situated on approximately 0.52 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.
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