Restaurant
Church's Chicken (Corporate)
620 S 10th St, McAllen, TX 78501
Listing Price: $875,000
Investment Overview
Corporate Church's Chicken site with approximately 40 years of operating history. The site was scraped and rebuilt in 2008 and is positioned on a corner lot on McAllen's 10th street - a main retail corridor. The tenant currently pays below-market rent with a rent/sales ratio of 5.5%. There are 2, 10-year options to extend with 1.5% annual rental increases throughout. Founded in San Antonio, TX in 1952, Church’s Chicken is one of the largest quick-service restaurant chicken chains in the world.
Listing Price: $875,000
Investment Highlights
- Corporate Church's Chicken site positioned on a corner lot, equipped with a drive-thru
- Absolute NNN Lease with zero Landlord responsibilities
- Below-market rent and a low rent/sales ratio of 5.5%
Investment Overview
Corporate Church's Chicken site with approximately 40 years of operating history. The site was scraped and rebuilt in 2008 and is positioned on a corner lot on McAllen's 10th street - a main retail corridor. The tenant currently pays below-market rent with a rent/sales ratio of 5.5%. There are 2, 10-year options to extend with 1.5% annual rental increases throughout. Founded in San Antonio, TX in 1952, Church’s Chicken is one of the largest quick-service restaurant chicken chains in the world.
