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JLL is pleased to offer for sale the fee simple interest in a brand-new Golden Chick restaurant (the “Property” or “Asset”) located in Snyder, TX. Golden Chick is an award winning and one of the fastest growing fried chicken restaurants with more than 200+ locations and ambitious plans to open more than 600 by 2030. The Property is situated along College Avenue, a main thoroughfare of Snyder with major retail tenants including United Supermarkets, Walmart, O’Reilly Auto Parts, Auto Zone, Family Dollar and Verizon all within the immediate vicinity. The Asset is encumbered by an Absolute NNN lease featuring ±19.5 years of primary lease term with attractive rent increases every five years and four, five-year renewal options. This brand-new Property offers the opportunity to acquire a passive and long-term investment leased to one of the fastest growing restaurant chains in the nation.
· Long-term absolute NNN lease structure with market rent growth
· Zero landlord responsibility
· Brand new 2021 construction with strong opening performance
· Guaranty from experienced franchise operator
· Dense surrounding retail corridor
· High growth tenancy from Golden Chick with plans to open 600 stores by 2030
· Lighted intersection and hard corner positioning along main retail thoroughfare