1151 W Princeton Dr - Fast Food FOR SALE


Princeton, TX 75407
$4,800,000 USD
713-204-4423
1151 W Princeton Dr, Princeton, TX for Sale
$4,800,000 USD
Fast Food - FOR SALE
1/1
null | 3.75% Cap Rate

1151 W Princeton Dr
Princeton, TX 75407


HIGHLIGHTS

  • Absolute NNN ground lease with zero landlord responsibilities and a 15-year primary term.
  • Highly visible location along US-380 with traffic counts over 32,500 vehicles daily.
  • Rapidly expanding Princeton trade area with significant residential and retail development.
  • Scheduled 10% rent increases every five years and renewal options through 2086.
  • Strong corporate tenant commitment backed by Chick-fil-A’s consistent operational performance.
  • Proximity to regional roadways and established retail corridors with major national co-tenants.

OVERVIEW

This offering provides the opportunity to acquire a single-tenant Chick-fil-A ground lease located along W. Princeton Drive (US-380) in Princeton, Texas, one of North Texas’ fastest-growing suburban markets. Positioned within a dynamic trade area that continues to experience rapid residential and commercial expansion, the asset benefits from excellent accessibility and visibility on a primary thoroughfare with daily traffic counts exceeding 32,500 vehicles. The property features a newly constructed 4,849 SF building on a 2.16-acre parcel under an absolute NNN lease structure, ensuring zero landlord responsibilities. The lease encompasses a 15-year initial term with ten 5-year renewal options and scheduled rent escalations, providing long-term income stability and growth potential. The current annual net operating income is $180,000, reflecting a 3.75% cap rate based on a $4.8 million purchase price. Chick-fil-A is nationally recognized for its consistent top-tier sales performance and brand strength in the quick-service restaurant sector, making this asset a durable investment backed by a corporate guarantee. Coupled with Princeton’s substantial residential development pipeline, strong demographics, and projected population growth to nearly 80,000 residents by 2050, this location offers investors secure cash flow supported by exceptional real estate fundamentals.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$990 USD /SF

CAP RATE

3.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeffrey AronHunington Properties, Inc.More Info
713-204-4423

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Jeffrey AronHunington Properties, Inc.More Info
713-204-4423

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.