Contacts
Jake Prater
SRS Real Estate Partners
Matthew Mousavi
SRS Real Estate Partners
Patrick Luther
SRS Real Estate Partners
Property Details
- Property Type Retail
- Property Size 2,518 SF
- Cap Rate % 6
- Additional Rent Contact for pricing
- Date Updated Nov 20, 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 Sherman, 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.
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Getting around
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55/100
Walk Score ®
-
43/100
Bike Score ®
Location
- City Sherman, TX
- Zip Code 75090
- Market Dallas Fort Worth
Points of Interest
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Kroger
0.07 miles
-
Valero
0.13 miles
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Chevron
0.45 miles
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Albertsons
0.50 miles
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Shell
0.58 miles
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Mobil
1.00 miles
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Tesla Supercharger
9.94 miles
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Covenant Presbyterian Church Parking
1.35 miles
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Chicken Express
0.00 miles
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Sonic
0.03 miles
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Taco Bell
0.09 miles
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Southern Maid Donuts
0.15 miles
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Crazy Thai
0.17 miles
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Cici's Pizza
0.21 miles
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Pizza Inn
0.29 miles
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Pizza Hut
0.35 miles
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Domino's
0.39 miles
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Bari's Pasta & Pizza
0.45 miles
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Kroger
0.10 miles
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Albertsons
0.48 miles
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Dirt Cheap
0.60 miles
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Big Lots
0.63 miles
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ALDI
1.13 miles
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Walmart Supercenter
1.29 miles
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Belk
1.54 miles
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Ross
1.63 miles
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Kohl's
1.68 miles
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Target
1.74 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
