Auction | Absolute NNN | Church's Texas Chicken

Property Details

Tenancy:
Single Tenant
Property Type:
Single Tenant
Lease Type:
Absolute NNN
Square Footage:
2,282 sqft
Year Built:
2017
Lot Size:
1 acres
NOI:
$66,000
Price/Sq Foot:
$

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
  • 1 Acre
  • Built in 2017
  • $66,000 NOI
  • 8-years remaining on lease term with two additional five-year option periods
  • Zero landlord responsibilities
  • High traffic store with over 98,000 annual visitors
  • Multi-Unit Franchisee
Don't miss out on this incredible investment opportunity! Located at 3195 Del Rio Blvd in Eagle Pass, TX, this high-traffic property is now available for sale through a live auction on CREXi.com from March 4 to March 6, 2024. This property offers an absolute triple net lease (NNN), with zero landlord responsibilities. With a current net operating income (NOI) of $66,000 and a total square footage of approximately 2,282, this is an investor's dream. The tenant, AVA Chick TX, LLC, is an experienced multi-unit operator of Church's Chicken, a popular franchise restaurant brand. They have a remaining lease term of approximately 8 years, with two additional five-year option periods. The lease commenced in November 2021 and expires in October 2031, with rental increases scheduled every five years. Situated in a prime location with high traffic volumes, this property attracts over 98,000 annual visitors. Don't miss your chance to invest in this income-generating property!