Killeen, TX - Golden Chick & Land

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Golden Chick and land investment property located in Killeen, Texas. The tenant, Golden Chick recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive, out of state investor.

The Golden Chick is located near the signalized, hard corner intersection of Clear Creek Rd and W Stan Schlueter Loop with a combined 66,000 vehicles passing by daily. S Clear Creek Rd (35,500 VPD), is a major retail thoroughfare serving the city of Killeen. Additionally, the property is situated just south of Interstate 14, a major east/west traveling highway which averages 83,000 VPD. Furthermore, The asset is positioned just down the road from a Walmart Supercenter, which helps draw consumers into the trade area. Moreover, the site is located in the center of a primary retail corridor with other nearby national/credit tenants including ALDI, H-E-B, Planet Fitness, CVS Pharmacy, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by more than 54,100 residents and 17,600 employees. The site has an affluent average household income of $153,022 within a 3-mile radius.

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Listing ID: a28TP000002YXoPYAW