Golden Chick 2803 N Big Spring St 2,215 SF Retail Building Midland, TX 79705 $1,800,000 ($812.64/SF) 5.50% Cap Rate

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.