Chicken Express, Alvin, Texas

2510 TX-35 Loop no-imageVIEW MAP

Property Information

Price: $1,729,261
Cap Rate: 6.50%
NOI: $112,402
Lease Term: 20 Years
Lease Type: Absolute NNN Lease
Building Size: Approximately 2,748 Square Feet
Year Built: 2016
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Brand-New 20 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • Attractive 2% Annual Rental Increases Throughout the Initial Term and Option Periods, Providing Compounded Rent Growth and a Strong Hedge Against Inflation
  • Chicken Express was Founded in 1988 and Has More Than 250 Locations in Texas, Oklahoma, Arkansas and Louisiana – Established Quick Service Restaurant Chain with Strong Brand Awareness and Loyalty in its Home State of Texas
  • Personal Guaranty from a 10-Unit Operator with an Experienced Background in Restaurant Operations, Franchising, Real Estate and Logistics – Former McDonald’s Franchisee, Current Chicken Express Franchisee and FedEx Distribution Operator
  • High Traffic Location – More Than 27,000 Vehicles Per Day on TX-35 Loop and Over 15,000 Vehicles Per Day on Mustang Rd
  • Strong Demographics – Over 43,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $95,000 Annually
  • Located Directly Across from Meadow Park Plaza Shopping Center, a Rent-A-Center-Anchored Retail Center That Has Seen More Than 1.71 Million Visits Over the Last Calendar Year
  • Over 1.45 Million Square Feet of Industrial & Office and 280,000 Square Feet of Retail & Restaurant Space within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,300 Businesses & 11,000 Employees
  • Strategically Positioned Near Alvin Community College with Over 5,700 Students Enrolled and More Than 450 Faculty & Staff Members
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset