Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Land Area Gross ()
Number of units 1
Occupancy 100.0 %

Property Description

JLL is pleased to offer for sale the fee simple interest in a brand-new Golden Chick restaurant (the “Property” or “Asset”) located in Snyder, TX. Golden Chick is an award winning and one of the fastest growing fried chicken restaurants with more than 200+ locations and ambitious plans to open more than 600 by 2030. The Property is situated along College Avenue, a main thoroughfare of Snyder with major retail tenants including United Supermarkets, Walmart, O’Reilly Auto Parts, Auto Zone, Family Dollar and Verizon all within the immediate vicinity. The Asset is encumbered by an Absolute NNN lease featuring ±19.5 years of primary lease term with attractive rent increases every five years and four, five-year renewal options. This brand-new Property offers the opportunity to acquire a passive and long-term investment leased to one of the fastest growing restaurant chains in the nation. 


Investment Highlights

·      Long-term absolute NNN lease structure with market rent growth

·      Zero landlord responsibility

·      Brand new 2021 construction with strong opening performance

·      Guaranty from experienced franchise operator

·      Dense surrounding retail corridor

·      High growth tenancy from Golden Chick with plans to open 600 stores by 2030

·      Lighted intersection and hard corner positioning along main retail thoroughfare

Last Updated Date: 18 Oct 2021
Caroline Binning
Caroline Binning
Director, Capital Markets
License details
TX - 601565

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 18 Oct 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.