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Restaurant

Chicken Express

6124 Lemmon Ave, Dallas, TX 75209

Listing Price: $2,910,000

Cap Rate
5.50%
Tenant Name
Chicken Express
Years Remaining On Lease
15.1
Gross SF
3,096
Guarantor
Franchisee Guarantee
Rentable SF
3,096
Price/Gross SF
$939.92
Lease Type
Absolute Net
Rent Per Square Feet
$51.68

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chicken Express in Dallas, TX. The property consists of a 3,096-square-foot, freestanding building that sits on approximately 0.79 acres of land. There are 15 years remaining on the lease with 10% rental increases every 5 years.

Investment Highlights

  • New 15-Year Absolute Net Lease – 10 Percent Rental Escalations Every Five Years
  • Signalized Hard Corner Location on Lemmon Avenue and Inwood Road (69,597 Vehicles per Day)
  • Outparcel to The Home Depot, Strategically Surrounded by Leading Auto Dealerships Including Sewell Automotive, Mercedes Benz, and Other Premium Brands
  • Prime Infill Location: More Than 369,998 Residents and 835,324 Daytime Employees Within a 5-Mile Radius
  • Less Than a Mile From Award-Winning Dallas Love Field – Nearly 18 Million Passengers in 2024 and Home to Southwest Airlines HQ
  • Second-Largest Operator in the System (26 Units) With Strong Reported Sales and a Healthy Royalty-to-Sales Ratio
  • DFW Ranked Among the Fastest-Growing QSR Markets in the U.S.

Exclusively Listed By

Restaurant

Chicken Express

Listing Price: $2,910,000

Cap Rate
5.50%
Tenant Name
Chicken Express
Years Remaining On Lease
15.1
Gross SF
3,096
Guarantor
Franchisee Guarantee
Rentable SF
3,096
Price/Gross SF
$939.92
Lease Type
Absolute Net
Rent Per Square Feet
$51.68

Investment Highlights

  • New 15-Year Absolute Net Lease – 10 Percent Rental Escalations Every Five Years
  • Signalized Hard Corner Location on Lemmon Avenue and Inwood Road (69,597 Vehicles per Day)
  • Outparcel to The Home Depot, Strategically Surrounded by Leading Auto Dealerships Including Sewell Automotive, Mercedes Benz, and Other Premium Brands
  • Prime Infill Location: More Than 369,998 Residents and 835,324 Daytime Employees Within a 5-Mile Radius
  • Less Than a Mile From Award-Winning Dallas Love Field – Nearly 18 Million Passengers in 2024 and Home to Southwest Airlines HQ
  • Second-Largest Operator in the System (26 Units) With Strong Reported Sales and a Healthy Royalty-to-Sales Ratio
  • DFW Ranked Among the Fastest-Growing QSR Markets in the U.S.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Chicken Express in Dallas, TX. The property consists of a 3,096-square-foot, freestanding building that sits on approximately 0.79 acres of land. There are 15 years remaining on the lease with 10% rental increases every 5 years.

Exclusively Listed By

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