Auction | Absolute NNN | Church's Texas Chicken

Property Details

Tenancy:
Single Tenant
Property Type:
Single Tenant
Lease Type:
Absolute NNN
Square Footage:
1,872 sqft
Year Built:
2017
NOI:
$66,000

Auction | Absolute NNN | Church's Texas Chicken

War Room

Confidentiality Agreement

Property Overview

  • Non-Contingent
  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
  • Marketing Fee: 2% of the Winning Bid Amount, $20,000 minimum
  • $10,000 Participation Deposit
  • Absolute NNN
  • 0.46 Acres
  • Built in 2017
  • $66,000 NOI
  • 8 years remaining on lease term with two additional five-year option periods
  • Multi-Unit Franchisee
  • Income Tax Free State
  • Zero Landlord Responsibilities
This property is going to auction on CREXi.com from March 4 to March 6, 2024. This is an absolute NNN investment with zero landlord responsibilities, providing a hassle-free investment opportunity. The property is currently leased to Church's Chicken, operated by an experienced multi-unit franchisee, AVA Chick TX, LLC. With a remaining lease term of 8 years and a solid NOI of $66,000, this property offers stable long-term income potential. Not only does this property boast a prime location and a reliable tenant, but it is also situated in a tax-free state, Texas. The ±1,872 SF building sits on ±0.46 acres of land and is zoned for general commercial use. Church's Chicken is a well-established brand with a rich history and a loyal customer base. They are known for their handcrafted flavor and unique recipes. With over $1.3 billion in annual revenue and a strong presence in Texas, Church's Chicken is a trusted and successful franchise. Don't miss this unique investment opportunity!