Chicken Express 7113 Boat Club Rd

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 Fort Worth, 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 subject property is located along Boat Club Rd, which averages 23,400 vehicles passing by daily and is a major retail thoroughfare serving the city of Fort Worth. The site benefits from nearby direct on/off ramp access to U.S. Highway 287 which averages 33,800 vehicles passing by daily. The Chicken Express is located in close proximity to Bailey Boswell Marketplace a 125,000 square foot shopping center that is anchored by Kroger. Additionally, the property is positioned just southwest of a Walmart Supercenter anchored center that also features national/credit tenants including Dollar Tree, Chase Bank, and more. Furthermore, the asset is ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including ALDI, Walgreens, 7-Eleven, Public Storage, and many more. The 5-mile trade area is supported by a population of over 132,800 and 25,700 daytime employees, providing a direct consumer base from which to draw. Residents within a 5-mile radius of the subject property boast an affluent average household income of $117,306.