Chicken Express | New 15 Yr Abs NNN SLB | 5501 Rowlett Rd
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Chicken Express | New 15 Yr Abs NNN SLB 5501 Rowlett Rd
2,236 SF Retail Building Rowlett, TX 75089 £2,552,352 (£1,141/SF) 6% Net Initial Yield
Investment Highlights
- 15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base
- Near Signalized, Hard Corner Intersection | President George Bush Turnpike (26,300 VPD) | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
Executive Summary
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 Rowlett, 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.
(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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,236 SF
Building Class
B
Year Built
1997
Price
£2,552,352
Price Per SF
£1,141
Net Initial Yield
6%
NOI
£153,141
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.60 AC
Zoning
C2 - Central Commerical Zone
Parking
29 Spaces (12.97 Spaces per 1,000 SF Leased)
Frontage
145 ft on Rowlett Rd
Amenities
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
Walk Score ®
Very Walkable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 440083000A0020000 | Improvements Assessment | £308,614 |
| Land Assessment | £122,062 | Total Assessment | £430,676 |
PROPERTY TAXES
Parcel Number
440083000A0020000
Land Assessment
£122,062
Improvements Assessment
£308,614
Total Assessment
£430,676
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Chicken Express | New 15 Yr Abs NNN SLB | 5501 Rowlett Rd
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