Chicken Express – Fort Worth

Price: $2,300,000
Sq. Ft.: 3,290
Cap Rate: 6.0%
Built: 2009
Absolute Net

The subject property is a 3,290-square foot freestanding Chicken Express in Fort Worth, Texas. This is a sale/leaseback opportunity; the tenant will execute a new 10-year, absolute net lease at closing. The lease will have a franchisee guarantee from the operator of six locations, with a seventh location currently under construction. Ten percent rent escalations are scheduled every five years, including four, five-year options for renewal. The building was constructed in 2009, includes a drive-thru, and sits on 0.95 acres of land.