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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.
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).
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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