Contacts
Matthew Mousavi
SRS Real Estate Partners
Patrick Luther
SRS Real Estate Partners
Jake Prater
SRS Real Estate Partners
Property Details
- Property Type Retail
- Property Size 5,678 SF
- Cap Rate % 5.75
- Additional Rent Contact for pricing
- Date Updated Oct 22, 2024
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN Sale-Leaseback, freestanding, Chicken Express investment property located in Allen, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma. The offering also includes a 1,200 square foot office building that the seller uses as their headquarters.
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Getting around
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Walk Score ®
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Location
- City Allen, TX
- Neighborhood Windsong Village
- Zip Code 75002
- Market Dallas Fort Worth
Points of Interest
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CityLine/Bush
7.31 miles
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Galatyn Park
8.57 miles
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7-Eleven
0.32 miles
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Chevron
0.40 miles
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Valero - Allen Eagle
0.93 miles
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Kroger
1.14 miles
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RaceTrac
1.20 miles
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Shell
1.21 miles
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Exxon
1.22 miles
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Texaco
1.37 miles
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Tom Thumb 3579 Fuel Station
1.51 miles
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ChargePoint
1.61 miles
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Parking Garage
1.22 miles
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South Garage
1.81 miles
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Parking Lot 7
3.80 miles
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Lot E - Home
3.81 miles
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Lot S - CEC/Staff Parking
3.85 miles
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Lot P - Home
3.87 miles
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Lot C - Visitor
3.99 miles
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Lot D - Visitor
4.03 miles
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Lot H - Home
4.04 miles
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Lot R - Band, Drill Team and Cheer Parking
4.06 miles
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Chicken Express
0.01 miles
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Taco Casa
0.04 miles
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Sonic
0.05 miles
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DQ Grill & Chill
0.15 miles
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KFC
0.28 miles
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Allen Cafe
0.64 miles
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blú
0.65 miles
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Subway
0.65 miles
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Pizza Hut
0.65 miles
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Great Plate
0.65 miles
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Kroger
1.14 miles
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H-E-B
1.23 miles
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Target
1.50 miles
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Tom Thumb
1.57 miles
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Walmart Supercenter
1.65 miles
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Ross
1.74 miles
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TJ Maxx
1.74 miles
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Walmart Neighborhood Market
1.80 miles
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Market Street
1.81 miles
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ALDI
2.03 miles
In-Depth Research Available for this Property
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