5516 Denton Hwy - Restaurant FOR SALE


Haltom City, TX 76148
$2,861,000 USD
949-903-8099
5516 Denton Hwy, Haltom City, TX for Sale
$2,861,000 USD
Restaurant - FOR SALE
1/9
null | 6% Cap Rate

5516 Denton Hwy
Haltom City, TX 76148


HIGHLIGHTS

  • 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Value Center (618,000 SF) | Shoppes at Crown Point (178,000 SF) |Dense Retail Corridor
  • Denton Highway (41,500 VPD) | Interstate 820 (168,700 VPD) |Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base

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 Haltom City, 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

$2,861,000 USD

PRICE/SF

$955 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chicken Express | 15yr Abs NNN SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

c-2

APN/PARCEL ID

42563494

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.