Golden Chick
Garland, TX
Key Details
| Price: | $2,654,073 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $145,974 |
| Address: | 430 East Interstate 30, Garland, Texas 75043 |
| 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: | 5,223 SF |
| Year Built: | 2015 |
NNN Pro is pleased to present the exclusive listing for a Golden Chick located at 430 East Interstate 30, Garland, Texas 75043. The site consists of roughly 5223 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 $145,974 and has scheduled increases of 1.50% Annually.
About the Investment
- Long-Term, Absolute Triple-Net (NNN) Lease The investment property is subject to a brand-new, 20 year Absolute Triple Net (NNN) lease commencing upon close of escrow. The lease will feature zero landlord responsibilities.
- Attractive Rental Increases | The lease features strong annual increases of 1.50%, providing a strong hedge against inflation and potential for future income growth.
- Corporate Guarantee | The lease features a corporate guarantee from Golden Franchising Corporation, the restaurant chains Franchisor. Golden Chick is a notable and growing brand with over 210 locations nationwide.
- Affluent Community | The subject investment property is situated in an affluent community where the average household income within a one-mile radius exceeds $91,200.
Key Details
| Price: | $2,654,073 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $145,974 |
| Address: | 430 East Interstate 30, Garland, Texas 75043 |
| 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: | 5,223 SF |
| Year Built: | 2015 |
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.