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Restaurant

Church's Chicken (Corporate)

620 S 10th St, McAllen, TX 78501

Listing Price: $875,000

Cap Rate
5.25%
Tenant Name
Cajun Realty LLC
Years Remaining On Lease
1.9
Guarantor
Corporate Guarantee
Rentable SF
2,272
Lease Type
Absolute Net
Rent Per Square Feet
$20.21

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.

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%

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Church's Chicken (Corporate)

Listing Price: $875,000

Cap Rate
5.25%
Tenant Name
Cajun Realty LLC
Years Remaining On Lease
1.9
Guarantor
Corporate Guarantee
Rentable SF
2,272
Lease Type
Absolute Net
Rent Per Square Feet
$20.21

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.

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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