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3000 College Ave 2,039 SF Retail Building Snyder, TX 79549 $2,200,000 ($1,078.96/SF) 4.18% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with 17 years left & 3(5 year) options
- Zero landlord responsibilities
- Tenant owns multiple locations with a personal guarantee
EXECUTIVE SUMMARY
This offering presents the opportunity to acquire a Golden Chick restaurant located in Snyder, a stable West Texas trade area supported by energy, education, and regional commerce.
The property is positioned along a high-visibility commercial corridor, benefiting from strong daily traffic counts and convenient access to surrounding residential neighborhoods, retail nodes, and employment centers. Golden Chick is a well-established, Texas-based quick-service brand with decades of operating history and a loyal customer base, providing investors with durable cash flow and long-term brand relevance.
The asset features a freestanding building with drive-thru, purpose-built for QSR operations, and is operated under a long-term, triple-net (NNN) lease structure, minimizing landlord responsibilities and delivering predictable, passive income. The lease is supported by a seasoned operator and offers built-in rent escalations, providing a hedge against inflation and long-term income growth.
Snyder serves as a regional hub for Scurry County, anchored by the energy sector, healthcare, and higher education, including Western Texas College. The area’s steady employment base and limited supply of institutional-grade net-lease assets make this offering particularly attractive for investors seeking stable yield with minimal management intensity.
The property is positioned along a high-visibility commercial corridor, benefiting from strong daily traffic counts and convenient access to surrounding residential neighborhoods, retail nodes, and employment centers. Golden Chick is a well-established, Texas-based quick-service brand with decades of operating history and a loyal customer base, providing investors with durable cash flow and long-term brand relevance.
The asset features a freestanding building with drive-thru, purpose-built for QSR operations, and is operated under a long-term, triple-net (NNN) lease structure, minimizing landlord responsibilities and delivering predictable, passive income. The lease is supported by a seasoned operator and offers built-in rent escalations, providing a hedge against inflation and long-term income growth.
Snyder serves as a regional hub for Scurry County, anchored by the energy sector, healthcare, and higher education, including Western Texas College. The area’s steady employment base and limited supply of institutional-grade net-lease assets make this offering particularly attractive for investors seeking stable yield with minimal management intensity.
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PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,039 SF
Building Class
B
Year Built
2021
Price
$2,200,000
Price Per SF
$1,078.96
Cap Rate
4.18%
NOI
$91,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
7.95 AC
AMENITIES
- Corner Lot
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 211748 | Improvements Assessment | $923,672 |
| Land Assessment | $250,713 | Total Assessment | $1,174,385 |
PROPERTY TAXES
Parcel Number
211748
Land Assessment
$250,713
Improvements Assessment
$923,672
Total Assessment
$1,174,385
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Presented by
Mccullar Property Group
3000 College Ave
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