2801 FM 120 - Fast Food FOR SALE


Denison, TX 75020
$5,385,000 USD
510-289-1166
2801 FM 120, Denison, TX for Sale
$5,385,000 USD
Fast Food - FOR SALE
1/3
null | 4.55% Cap Rate

2801 FM 120
Denison, TX 75020


HIGHLIGHTS

  • 15-Year Absolute NNN Lease to Chick-fil-A
  • Scheduled 10% Rental Escalations in Primary Term & Options
  • No Landlord Maintenance Responsibilities
  • Unique Fee Simple Chick-fil-A Property Including Improvements - Benefit of Depreciation
  • High Quality 2022 Construction
  • Highly Functional Footprint Featuring Double Drive-Thru Component

OVERVIEW

The subject property is prominently located with excellent access and visibility along FM 120 (18,580 AADT), just off Highway 75 (61,995 AADT), which is a major north-south arterial that connects the Dallas-Fort Worth metroplex to Oklahoma. The site benefits from robust demographics with a total population of 85,478 and average household income of $87,099 within a 10-mile radius. There are a number of notable educational institutions in the immediate area. Seven miles southwest of the property is Grayson College with over 5,300 students and staff. The property further benefits from its proximity to the largest hospital in the region – Texoma Medical Center, a 326-bed hospital that is also the area’s largest employer with over 4,000 staff members. The property is strategically located within the main retail commercial node of Highway 75 in Denison. Major retailers in the area include Walmart, McDonald’s, Panda Express, Starbucks, IHOP, and many others. This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$5,385,000 USD

PRICE/SF

$1,082 USD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

140646

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.