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Restaurant

Golden Chick

2887 W Ovilla Rd, Ovilla, TX 75154

Listing Price: $2,933,333

Cap Rate
4.50%
Tenant Name
Golden Operating Corporation
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,464
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Golden Chick located at 2887 W Ovilla Rd in Ovilla, TX. The property consists of 2,464 square feet of building space and is situated on approximately 0.52 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 1.50% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a corporate guaranty from Golden Franchising Corporation, the chain’s franchisor.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guaranty from Golden Franchising Corporation, the Chain's Franchisor

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Golden Chick

Listing Price: $2,933,333

Cap Rate
4.50%
Tenant Name
Golden Operating Corporation
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
2,464
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.57

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guaranty from Golden Franchising Corporation, the Chain's Franchisor

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Golden Chick located at 2887 W Ovilla Rd in Ovilla, TX. The property consists of 2,464 square feet of building space and is situated on approximately 0.52 acres of land. The tenant will enter into a brand new, 20-year triple-net (NNN) lease with absolutely no landlord responsibilities upon the close of escrow. The lease will call for 1.50% annual rental increases that will continue through the base term and into the four, five-year tenant renewal options. The lease will carry a corporate guaranty from Golden Franchising Corporation, the chain’s franchisor.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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