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
Built in 2017
8 years remaining on lease term with two additional five-year option periods
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!