5100 Davis Blvd - Fast Food FOR SALE


North Richland Hills, TX 76180
$2,594,000 USD
949-903-8099
5100 Davis Blvd, North Richland Hills, TX for Sale
$2,594,000 USD
Fast Food - FOR SALE
1/10
null | 6% Cap Rate

5100 Davis Blvd
North Richland Hills, TX 76180


HIGHLIGHTS

  • 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base
  • North East Mall (2,134,000 SF) | Dense Retail Corridor | Tarrant County College Northeast (12,000 students)
  • Hard Corner Intersection | Interstate 820 & State Hwy 121 & 183 (378,000 VPD) | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, freestanding, Chicken Express investment property located in North Richland Hills, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma.

FOR SALE DETAILS

PRICE

$2,594,000 USD

PRICE/SF

$1,211 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chicken Express | New 15 Yr Abs NNN SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

PD

APN/PARCEL ID

40372340

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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