Golden Chick
Forest Hill, TX
Key Details
| Price: | $2,410,915 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $132,600 |
| Address: | 3209 Forest Hill Circle, Forest Hill, Texas 76140 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.67 Acres |
| Building Size: | 2,066 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a Golden Chick located at 3209 Forest Hill Circle, Forest Hill, Texas 76140. The site consists of roughly 2066 rentable square feet of building space on an estimated 0.67-acre parcel of land. This Golden Chick is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $132,600 and has scheduled increases of 1.50% Annually.
About the Investment
- Absolute Triple Net (NNN) Sale-Leaseback | The subject investment property will be subject to a 20- year absolute triple net (NNN) lease at the close of escrow, holding zero landlord responsibilities and demonstrating strong commitment to the site.
- Attractive Rental Increases | This lease features strong rental increases of 1.50% Annually, hedging against inflation.
- Strong Corporate Guarantee | This lease is subject to a strong corporate guarantee from the Golden Operating Corporation with over 225 locations throughout the United States.
- No State Income Tax | Investments within Texas offer the significant advantage of no state income tax, maximizing the return on investment.
- Strong Corporate Growth | Golden Chick has opened 11 locations this year, and plans to reach 500 locations by 2030, making it a promising investment opportunity due to its potential for significant market expansion.
Key Details
| Price: | $2,410,915 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $132,600 |
| Address: | 3209 Forest Hill Circle, Forest Hill, Texas 76140 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 1.50% Annually |
| Lot Size: | 0.67 Acres |
| Building Size: | 2,066 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.