2702 Lavon Dr - Fast Food FOR SALE


Garland, TX 75040
$2,250,000 USD
858-212-6751
2702 Lavon Dr, Garland, TX for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/4
null | 6.01% Cap Rate

2702 Lavon Dr
Garland, TX 75040


HIGHLIGHTS

  • NNN Lease With 15 Years Remaining and 1.5% Annual Rent Increases
  • Corporate Guarantee With Over 200 Locations
  • Heavy Traffic With Over 50,000 ADT

OVERVIEW

Long-Term, Absolute Triple-Net (NNN) Lease The investment property is subject 20 year Absolute Triple Net (NNN) lease with 14 years remaining. The lease features no landlord responsibilities. Attractive Rental Increases The lease features strong annual increases of 1.50%, providing a strong hedge against inflation and potential for future income growth. REPUTABLE TENANT HOMEGROWN IN TEXAS Golden Chick, founded in 1967 and headquartered not far away in Richardson, TX, operates over 230 locations across Texas, Oklahoma, Florida, Louisiana, Mississippi with plans to expand into Nevada and Alabama soon. The brand has been included in Nation’s Restaurant News’ Top 200 Restaurant Brands in the U.S. Corporate Guarantee The lease features a corporate guarantee from Golden Franchising Corporation, the restaurant chains Franchisor. Golden Chick is a notable and growing brand with over 230 locations nationwide.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,046 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Chick

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

Z263

APN/PARCEL ID

26007750010010000

ASK ABOUT THIS PROPERTY

Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

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Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

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