Chick-fil-A 2801 FM 120 4,978 SF Retail Building Denison, TX 75020 $5,158,000 ($1,036.16/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Absolute NNN Lease to Chick-fil-A
- No Landlord Maintenance Responsibilities
- High Quality 2022 Construction
- Scheduled 10% Rental Escalations in Primary Term & Options
- Unique Fee Simple Chick-fil-A Property Including Improvements - Benefit of Depreciation
- Highly Functional Footprint Featuring Double Drive-Thru Component
EXECUTIVE SUMMARY
The subject property is prominently located with excellent access and visibility along FM 120 (18,580 AADT), just off Highway 75 (61,995 AADT), which is a major north-south arterial that connects the Dallas-Fort Worth metroplex to Oklahoma. The site benefits from robust demographics with a total population of 85,478 and average household income of $87,099 within a 10-mile radius.
There are a number of notable educational institutions in the immediate area. Seven miles southwest of the property is Grayson College with over 5,300 students and staff. The property further benefits from its proximity to the largest hospital in the region – Texoma Medical Center, a 326-bed hospital that is also the area’s largest employer with over 4,000 staff members.
The property is strategically located within the main retail commercial node of Highway 75 in Denison. Major retailers in the area include Walmart, McDonald’s, Panda Express, Starbucks, IHOP, and many others.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
There are a number of notable educational institutions in the immediate area. Seven miles southwest of the property is Grayson College with over 5,300 students and staff. The property further benefits from its proximity to the largest hospital in the region – Texoma Medical Center, a 326-bed hospital that is also the area’s largest employer with over 4,000 staff members.
The property is strategically located within the main retail commercial node of Highway 75 in Denison. Major retailers in the area include Walmart, McDonald’s, Panda Express, Starbucks, IHOP, and many others.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,978 SF
Year Built
2022
Price
$5,158,000
Price Per SF
$1,036.16
Cap Rate
4.75%
NOI
$245,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.85 AC
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
CONTACTS
-
Putnam Daily -
Vahe Nokhoudian -
Fisher James Capital
