4210 Fm 1764 RdSanta Fe, TX 77517

For Sale
$2,353,585

High-ROI NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
94
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).

Property Details for 4210 Fm 1764 Rd

Property type
Other retail properties, Restaurants
Square Feet
3,246 SF
Class
A
Year Built
2016
Buildings
1
Stories
1
Lot Size (sq. ft)
36,460 SF
Units
1

Location Insight

City
Santa Fe
County
Galveston
State
Texas
Latitude
29.381964726619
Longitude
-95.112185254145
4210 Fm 1764 Rd, Santa Fe, Texas

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4210 Fm 1764 Rd
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