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Golden Chick 3209 Forest Hill 2,086 SF Retail Building Forest Hill, TX 76140 $2,306,087 ($1,105.51/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Sale-Leaseback
- Strong Franchisor Guarantee
- Attractive Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Golden Chick located at 13600 S. Post Oak Rd, Houston, TX. The site consists of roughly 2,186 rentable square feet of building space on an estimated 0.71-acre parcel of land. This Golden Chick is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $128,780 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,086 SF
Building Class
B
Year Built
2023
Price
$2,306,087
Price Per SF
$1,105.51
Cap Rate
5.75%
NOI
$132,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.67 AC
Parking
18 Spaces (7.74 Spaces per 1,000 SF Leased)
Frontage
50’ on Forest Hill Circle
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06312713 | Improvements Assessment | $836,831 |
| Land Assessment | $318,692 | Total Assessment | $1,155,523 |
PROPERTY TAXES
Parcel Number
06312713
Land Assessment
$318,692
Improvements Assessment
$836,831
Total Assessment
$1,155,523
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Golden Chick | 3209 Forest Hill
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