Golden Chick

610 Indian Trail, Harker Heights, TX 76548

$2,610,000

Cap Rate 6.50%

DOM: 176 Updated: 03.26.24 Posted: 08.15.23 Status: Sold 02.07.24

Summary

Price $2,610,000	Built/Renov 1988	Tenant Golden Chick
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,958	Lease Start 09-01-2022	#Units 16
Price/SF $1,332.99	Expiration 09-01-2042	Tenant Type Fast Casual/Rest.
NOI $169,680	R. Term 17.3	Ownership Fee Simple
Rent/SF $86.66	Increases 1.0%/1/yrs	Pop 5Mi 117,786
Lot/AC 0.63	Options 4/5yrs/1%	AHHI 5Mi $81,387

Patrick Luther

SRS National Net Lease Group

Contact

Lease Highlights

Golden Chicks recently signed a brand-new 20-year lease with 4 (5-year) options to extend
Lease features 1% annual rental increases throughout the initial term and during each option
Absolute NNN lease | Zero landlord responsibilities
Guarantee by SXThree LLC (16 units backed)

Location Description

Golden Chick is strategically located along Indian Trail Drive with clear visibility and access to an average of 13,800 vehicles passing by daily. The asset benefits from direct access onto Interstate 14 (74,500 VPD), making this an ideal and centralized location. The property is ideally situated within a dense retail corridor and is near Cielo Vista Shopping Center (254K+ SF), Killeen...

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Key Features

Hard corner intersection
Dense retail corridor
Near major nationals
Strong tenant synergy
Highway close
Strong demographics
Income tax free state
Brand new lease
Store sales reported
Personal guarantee

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Links

Golden Chick Wikipedia Golden Chick Wikipedia Harker Heights, Texas Zip Code 76548 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Golden Chick
Guarantor:Franchisee
Company:SXThree LLC
# Units:16
Stock:Private

About Tenant

Golden Chick, a fast casual restaurant franchisor that serves fried chicken is becoming one of the fastest growing restaurant brands in the U.S. The first Golden Chick restaurant opened in San...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,244	60,851	124,796
2023 Total Population :	8,952	57,887	119,362
2023 Employed Civilian Pop :	4,247	25,031	48,553
2023 Total Businesses :	389	1,232	2,552
2023 Average Household Income :	$ 69,469	$ 89,008	$ 79,234
2023 Total Consumer Spending :	$ 206 M	$ 1585 M	$ 3077 M
2023 Median Age :	34	33	32
2023 Total Households :	3,403	20,587	44,589
2023 Pop Age 25+: Bachelor's Degree :	1,005	8,257	15,208
2023 Average Home Value :	$ 191,379	$ 243,908	$ 244,711

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Indian Trail	Pan American Dr	2019	16,100	0.07 mi
Indian Trail	Rattlesnake Rd	2021	13,984	0.07 mi
Indian Trail	E Central Texas Expy	2020	13,846	0.07 mi
E Central Texas Expy	Buffalo Dr	2012	2,057	0.21 mi
E Central Texas Expy	Lookout Ridge Blvd	2012	2,604	0.21 mi
Indian Trail	E Central Texas Expy	2020	9,910	0.26 mi
Frontier Trl	S Central Texas Expy	2010	1,310	0.31 mi
Indian Trl	Antelope Trl	2010	11,880	0.37 mi
Indian Oaks Dr	Coronado Rd	2010	1,900	0.39 mi
Elk Trl	Frontier Trl	2010	730	0.41 mi

Listing Broker

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