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Golden Chick & Land 4601 Clear Creek Rd 1,462 SF Retail Building Killeen, TX 76549 $2,614,000 ($1,787.96/SF) 6.35% Cap Rate



Investment Highlights
- Brand New 20-Year Lease | Additional Land Parcel | Scheduled Rental Increases
- Signalized, Hard-Corner Intersection | Near Walmart SuperCenter | Interstate 14 (83,000 VPD) | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Golden Chick and land investment property located in Killeen, Texas. The tenant, Golden Chick recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive, out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,462 SF
Building Class
C
Year Built
2024
Price
$2,614,000
Price Per SF
$1,787.96
Cap Rate
6.35%
NOI
$166,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.85 AC
Zoning
B-5 - Business District
Parking
21 Spaces (14.36 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Restaurant
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $44,400 | |
| Land Assessment | $489,310 | Total Assessment | $533,710 |
Property Taxes
Parcel Numbers
Land Assessment
$489,310
Improvements Assessment
$44,400
Total Assessment
$533,710
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Golden Chick & Land | 4601 Clear Creek Rd
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