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Golden Chick 3209 Forest Hill 2,086 sq ft Retail Property Forest Hill, TX 76140 £1,708,649 (£819.10/sq ft) 5.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Sale-Leaseback
- Strong Franchisor Guarantee
- Attractive Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Golden Chick located at 13600 S. Post Oak Rd, Houston, TX. The site consists of roughly 2,186 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Golden Chick is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $128,780 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Property Size
2,086 sq ft
Costar Property Class
B
Year Built
2023
Price
£1,708,649
Price per sq ft
£819.10
Yield
5.75%
NOI
£98,247
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
0.67 ac
Parking
18 Spaces (7.74 Spaces per 1,000 sq ft Leased)
Frontage
50 ft on Forest Hill Circle
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06312713 | Improvements Assessment | £620,033 |
| Land Assessment | £236,128 | Total Assessment | £856,162 |
PROPERTY TAXES
Parcel Number
06312713
Land Assessment
£236,128
Improvements Assessment
£620,033
Total Assessment
£856,162
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Golden Chick | 3209 Forest Hill
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