2416 Us-79Henderson, TX 75654

For Sale
$6,378,000

High-return, NNN-leased QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 4,991 square foot Chick-fil-A restaurant in Henderson, Texas. Built in 2022, this property boasts a 15-year absolute NNN lease with 13 five-year renewal options, ensuring long-term stability and predictable income. The lease includes a 10% rent increase every five years, providing built-in protection against inflation. Located on a 1.87-acre lot at the signalized intersection of US-79 and S Evenside St, this high-traffic location benefits from approximately 17,700 vehicles passing daily. The property features 72 parking spaces and a convenient drive-thru. The strong tenant, Chick-fil-A, is backed by a corporate guarantee. This property is situated in a thriving retail corridor with other national tenants, including McDonald's, Panda Express, Sonic, Walmart Supercenter, Lowe's, CVS, Walgreens, and Dollar Tree, further enhancing its appeal and drawing significant consumer traffic. The property's location is also across from Henderson Plaza, a 118,000 square foot Kroger-anchored center. The 5-mile trade area boasts a population exceeding 18,500, with an affluent average household income of $97,598 within a 1-mile radius. The property's current NOI is $287,000, representing a 4.50% cap rate on the $6,378,000 asking price. The property is zoned C2: General Commercial. This is a rare opportunity to acquire a depreciable asset with minimal landlord responsibilities, offering a compelling investment with significant long-term growth potential.

Highlights

  • Brand new 15-year lease with scheduled rent increases.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities; rare depreciable asset.
  • High-visibility location on a signalized hard corner intersection with a drive-thru, situated within the 118,000 SF Henderson Plaza in a primary retail corridor.
  • Brand new construction with excellent visibility on US-79 (13,200 VPD).
  • Strong demographics within a 5-mile trade area.

Property Details for 2416 Us-79

Property type
Other retail properties, Restaurants
Square Feet
4,991 SF
Year Built
2022
Lot Size (sq. ft)
81,457 SF

Location Insight

City
Henderson
County
Rusk
State
Texas
Latitude
32.130152
Longitude
-94.809221
2416 Us-79, Henderson, Texas

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2416 Us-79
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