Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional investment opportunity presents a fee-simple, Class A, 3,246 square foot Chicken Express restaurant in Santa Fe, Texas. Boasting a 20-year absolute NNN lease (commencing July 30, 2024, and expiring July 31, 2044) with four 5-year renewal options, this property offers exceptional stability and predictable cash flow. The lease includes 2% annual rent bumps, providing a hedge against inflation. The property sits on a 0.837-acre lot with 26 parking spaces and benefits from a high-traffic location on FM-1764 (over 13,000 vehicles daily) and proximity to TX-6 (over 19,000 vehicles daily). The strong demographics include over 43,000 people within a 5-mile radius, with average household incomes exceeding $150,000 within 1 mile. The location is strategically positioned across from Santa Fe Junior High School and near an HEB grocery store. The property's intrinsic value is further enhanced by its modern design, large format (3,246 sq ft), and ample parking, including a 15-car stack drive-thru bay. The tenant is a 10-unit operator with a strong background in restaurant operations, franchising, real estate, and logistics, providing additional security. The asking price is $2,353,585, representing a 6.50% cap rate and a price per square foot of $725.07. The property's location, approximately 35 miles from downtown Houston, offers access to a large and growing market. The Galveston County location is in a Commercial F-1 zoned area. This is a prime opportunity for investors seeking a low-maintenance, high-return investment in a strong Texas market. The Net Operating Income (NOI) is $152,983. The building was constructed in 2016.
Highlights
20-year absolute NNN lease with four 5-year renewal options; commencing July 30, 2024.
2% annual rent increases.
Established Chicken Express franchisee with over 250 locations.
Personal guarantee from a 10-unit operator with experience in restaurants, franchising, real estate, and logistics.
Modern, 3,246 sq ft building with 26 parking spaces and a 15-car stack drive-thru.
High-traffic location on FM-1764 (13,000+ vehicles daily) and TX-6 (19,000+ vehicles daily).
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
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.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.