Chicken Express

Highlights:

• Brand-New 20 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
• Attractive 2% Annual Rental Increases Throughout the Initial Term and Option Periods, Providing Compounded Rent Growth and a Strong Hedge Against Inflation
• Chicken Express was Founded in 1988 and Has More Than 250 Locations in Texas, Oklahoma, Arkansas and Louisiana – Established Quick Service Restaurant Chain with Strong Brand Awareness and Loyalty in its Home State of Texas
• Personal Guaranty from a 10-Unit Operator with an Experienced Background in Restaurant Operations, Franchising, Real Estate and Logistics – Former McDonald’s Franchisee, Current Chicken Express Franchisee and FedEx Distribution Operator
• Recently Rebranded to Chicken Express in 2024 – Previously Operated as a Fast-Food Chicken Restaurant Since 2007 – Long Operating History within the Market
• Intrinsic Value – Large Format Restaurant at 2,546 Square Feet on a Sizeable 1.06 Acre Parcel with 33 Parking Spaces and a Drive-Thru, Providing Chicken Express with the Ability to Effectively Handle High Customer Volume
• High Traffic Location – More Than 14,000 Vehicles Per Day on N. Richmond Rd and Over 17,000 Vehicles Per Day on E. Boling Highway
• Ideal Demographics – Over 12,500 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $76,000 Annually
• Less Than 1-Mile from Wharton County Junior College with Over 6,000 Students Enrolled & More Than 350 Faculty Members
• Over 3.2 Million Square Feet of Industrial & Office Space within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 500 Businesses & 4,800 Employees
• Approximately 57-Miles from Downtown Houston – Largest City in Texas and 4th Most-Populus City in the United States with a Population Exceeding 2.3 Million Residents – More Than 7.3 Million People Reside in the Greater Houston MSA
• Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset

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