About This Restaurant
Investment Highlights
Brand New 20-Year Sale-Leaseback Corporate Guaranty from Golden Franchising Corporation, the Chain?s Franchisor Triple Net (NNN) Lease with Zero Landlord Responsibilities
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Golden Chick located at 11932 Elam Road, Balch Springs, Texas. The site consists of roughly 1,170 rentable square feet of building space on estimated 0.35-acre parcel of land. This Golden Chick is subject to a 20-year absolute triple-net (NNN) lease, which commences on close of escrow. The current annual rent is $135,000 and is scheduled to increase by 1.5% annually throughout the base term and in each of the 4, 5-year renewal options.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,170
- Building Class B
- Year Built 1993
- Price 2,454,545
- Price Per SF 2,098
- Cap Rate 5.50
- NOI 135,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.35 AC
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 60080500010160000 | Improvements Assessment | $120,000 |
| Land Assessment | $244,350 | Total Assessment | $364,350 |
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 11932 Elam Rd , Balch Springs, Texas, 75180 | ||