2803 N Big Spring St - Fast Food FOR SALE


Midland, TX 79705
$2,090,000 USD
949-221-1814
2803 N Big Spring St, Midland, TX for Sale
$2,090,000 USD
Fast Food - FOR SALE
1/12
null | 5.5% Cap Rate

2803 N Big Spring St
Midland, TX 79705


HIGHLIGHTS

  • DRIVE-THRU GOLDEN CHICK IN MIDLAND TEXAS: REGIONAL BRAND WITH MORE THAN 217 LOCATIONS IN THE LONE STAR STATE
  • 15 YEAR LEASE TERM WITH 10% RENTAL INCREASES | MIDLAND-ODESSA TX: FASTEST GROWING METRO IN TEXAS
  • ABSOLUTE NNN LEASE: ULTIMATE EASE OF MANAGEMENT FOR INVESTOR
  • FEE SIMPLE INTEREST IN NEWLY CONSTRUCTED QSR ASSET: DEPRECIATION & OWNERSHIP ADVANTAGES
  • EXCELLENT DEMOGRAPHICS: AFFLUENT & DENSE POPULATION | PRIME VISIBILITY AND ACCESS OFF BIG SPRING ST (+23,200 VPD)
  • PROVEN & EXPERIENCED MULTI-UNIT OPERATOR

OVERVIEW

TEXAS BROKER OF RECORD.....Frankel Development Group Inc ....TREC RE License: 9000477 Faris Lee Investments is pleased to present the opportunity to acquire a new drive-thru Golden Chick restaurant located in Midland, Texas. The property is secured by a 15-year Absolute NNN lease featuring 10% rental increases every 5 years, providing investors with stable income, inflation protection, and zero landlord responsibilities. The site offers prime visibility along Big Spring Street (23,200+ VPD) that serves as Midland’s main north-south thoroughfare and is surrounded by national retailers and strong regional traffic drivers. The property benefits from 24,000+ residents within 3 miles and an average household income exceeding $150,000, highlighting the area’s strong consumer base. Golden Chick, founded in 1967, has grown to 240+ locations across Texas, Oklahoma, Louisiana, and Mississippi, including 217+ in Texas alone. The brand maintains a loyal following and deep recognition across the Lone Star State. This location is operated by an experienced multi-unit franchisee who also owns McAlister’s Deli and Jamba Juice restaurants, demonstrating strong operational capacity and performance. Midland–Odessa is the fastest-growing metro in Texas, posting 2.8% annual population growth over the past five years. The region anchors the U.S. energy market, producing 40% of the nation’s oil and 22% of its natural gas, supporting exceptional employment and income levels. This offering provides investors a fee simple interest in a newly constructed, drive-thru Golden Chick — delivering long-term stability, full depreciation benefits, and a passive investment in one of Texas’s most dynamic growth markets.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$944 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Chick

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

R000027-505

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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Hunter SteffienFaris Lee InvestmentsMore Info
949-221-1814

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