Chicken Express Austin, TX

8300 Ranch Road 620
Austin, TX

Price: $2,935,000
Cap Rate: 6.00%
NOI: $176,004
Building Size: Approx. 3,340 Sq. Ft.
Lot Size: Approx. 0.64 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built: 2013

Investment Overview

  • 2013 Construction. 3,340+/- SF Building on 0.64+/- Acre Site
  • 15-Year NNN Lease with Approx. 5% Rental Increases Every 5-Years & (5) 5-Year Options to Renew
  • Established Northwest Austin Retail Location – Located Along FM 620 (48,445+ VPD) within the Trails at 620 Development
  • Affluent Surrounding Customer Base – Approx. 32,700 Residents and Average Household Income of $213,600 within 3 Miles
  • Multiple Customer Draws & Continued Investment – Broader Development Includes a Cinema, Holiday Inn Express & A+ Federal Credit Union
  • Established Regional Restaurant Brand – Chicken Express has 250+ Locations across Texas, Oklahoma, Arkansas and Louisiana
  • Austin, TX | Nearly 5% Population Growth Since 2020 | Population: 1,002,632+

Copyright © 2024 Secure Net Lease.