Golden Chick
$2,090,000
2803 N Big Spring St, Midland, TX 79705
5.5
Cap Rate
115,000
NOI
Details:
Highlights:
- DRIVE-THRU GOLDEN CHICK IN MIDLAND TEXAS: REGIONAL BRAND WITH MORE THAN 217 LOCATIONS IN THE LONE STAR STATE
- 15 YEAR LEASE TERM WITH 10% RENTAL INCREASES | MIDLAND-ODESSA TX: FASTEST GROWING METRO IN TEXAS
- ABSOLUTE NNN LEASE: ULTIMATE EASE OF MANAGEMENT FOR INVESTOR
- FEE SIMPLE INTEREST IN NEWLY CONSTRUCTED QSR ASSET: DEPRECIATION & OWNERSHIP ADVANTAGES
- EXCELLENT DEMOGRAPHICS: AFFLUENT & DENSE POPULATION | PRIME VISIBILITY AND ACCESS OFF BIG SPRING ST (+23,200 VPD)
- PROVEN & EXPERIENCED MULTI-UNIT OPERATOR
Description:
TEXAS BROKER OF RECORD.....Frankel Development Group Inc ....TREC RE License: 9000477
Faris Lee Investments is pleased to present the opportunity to acquire a new drive-thru Golden Chick restaurant located in Midland, Texas. The property is secured by a 15-year Absolute NNN lease featuring 10% rental increases every 5 years, providing investors with stable income, inflation protection, and zero landlord responsibilities.
The site offers prime visibility along Big Spring Street (23,200+ VPD) that serves as Midland’s main north-south thoroughfare and is surrounded by national retailers and strong regional traffic drivers. The property benefits from 24,000+ residents within 3 miles and an average household income exceeding $150,000, highlighting the area’s strong consumer base.
Golden Chick, founded in 1967, has grown to 240+ locations across Texas, Oklahoma, Louisiana, and Mississippi, including 217+ in Texas alone. The brand maintains a loyal following and deep recognition across the Lone Star State. This location is operated by an experienced multi-unit franchisee who also owns McAlister’s Deli and Jamba Juice restaurants, demonstrating strong operational capacity and performance.
Midland–Odessa is the fastest-growing metro in Texas, posting 2.8% annual population growth over the past five years. The region anchors the U.S. energy market, producing 40% of the nation’s oil and 22% of its natural gas, supporting exceptional employment and income levels.
This offering provides investors a fee simple interest in a newly constructed, drive-thru Golden Chick — delivering long-term stability, full depreciation benefits, and a passive investment in one of Texas’s most dynamic growth markets.
Midland, Texas, is a thriving city in the heart of the Permian Basin, renowned for its significant role in the oil and gas industry. Positioned atop one of the largest oil-producing regions in the world, Midland’s economy is heavily driven by energy, though it also benefits from industries like manufacturing, healthcare, education, and retail. With a population of approximately 140,000, the city has experienced steady growth due to abundant economic opportunities and a pro-business environment supported by low taxes. Midland offers a range of housing options, from single-family homes to apartments, alongside a robust commercial real estate market catering to retail, office, and industrial sectors.
The city’s infrastructure is well-developed, with connectivity provided by major highways like I-20, the Midland International Air & Space Port, and extensive rail networks supporting commerce. Educational institutions such as Midland College and a strong public-school system contribute to workforce development, especially for energy-related professions. Midland’s lifestyle amenities include a vibrant cultural scene with theaters, art centers, and music venues, as well as numerous parks and recreational activities, including golf courses and proximity to Big Bend.
Retail investment opportunities are plentiful, driven by the city’s economic vitality and residential growth. Areas near major highways and expanding neighborhoods are particularly attractive for shopping centers, restaurants, and mixed-use developments. Midland’s dynamic combination of economic strength, skilled workforce, and growing population make it an excellent area for both living and investment.

Location

Gallery










