Brownwood, TX Chick-fil-A 500 E. Commerce Street, Brownwood, TX Cap Rate 3.85% Brownwood (Dallas, Texas, US ) Built

$5,677,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 4,990 sq. ft.
  • Development Level: Built
  • Year Built: 2020

Description

Brownwood, TX Chick-fil-A 500 E. Commerce Street, Brownwood, TX Cap Rate 3.85%

Cap Rate: 3.85%
NOI: $218,554
Building Size: 4,990 sqft
Occupancy: 100%
Year Built: 2020

Price: $5,677,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, freestanding, Chick-Fil-A, investment property located in Brownwood, TX. The tenant, Chick-Fil-A, Inc., recently executed a brand new 15 year lease with 13 (5-year) option periods to extend. The lease features 10% rental increases every 5 years throughout the initial extension term and at the beginning of each option period, steadily growing NOI. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The building, which opened October 2020, features a state-of-the-art design using high quality materials.

The subject property is strategically located along E. Commerce Street (26,300 VPD), a major thoroughfare serving the Brownwood retail corridor. The building will be equipped with a drive-thru, providing ease and convenience for customers. Additionally, the asset is in close proximity to national/credit tenants including Walmart Supercenter, The Home Depot, ALDI, Hobby Lobby, Kroger, CVS Pharmacy, and more, promoting crossover store exposure. The 5-mile trade area is supported by a population of over 25,000 residents with an average household income of $58,765.

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.