The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single tenant net leased Church’s Texas Chicken in Roswell, NM. Church’s Chicken has been in business for 74 years, operates over 1,450 restaurants across 23 countries and generated over $1.6 billion in U.S. sales in 2024. The asset is subject to a new 10-year lease with three 5-year option periods and limited landlord responsibilities. In both primary term and option periods the rent is scheduled to increase by $6,000 every 5 years providing inflation-resistant cash flows for years to come.
The 919 SF QSR building with drive-thru on 0.28-acre parcel is positioned along Roswell’s busiest thoroughfare (Over 27,500 VPD) and is opposite the Home Depot. Nearby retailers include Target, Farmers Country Market, Walgreens, 7-Eleven, AutoZone, Ace Hardware, Dollar General, Wells Fargo, Starbucks, Popeyes, Whataburger, Taco Bell, Red Lobster, Applebee’s and more.