714 E Main St - Fast Food FOR SALE


Allen, TX 75002
$2,800,000 USD
949-903-8099
714 E Main St, Allen, TX for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/9
null | 5.75% Cap Rate

714 E Main St
Allen, TX 75002


HIGHLIGHTS

  • 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
  • Located Along E. Main St (34,200 VPD) | U.S. Hwy 75 (184,800 VPD)| Excellent Visibility | Office Space Included
  • 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 Allen, 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. The offering also includes a 1,200 square foot office building that the seller uses as their headquarters.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chicken Express | New 15yr Abs NNN SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

PD

APN/PARCEL ID

R2632142

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.