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5100 W Parkway St
Groves, TX 77619
Chick-fil-A · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 15 Year Absolute NNN Lease – Zero Landlord Responsibilities – Thirteen (5-Year) Options to Renew
  • The Land and Building Lease Structure Provides for the Advantage of Accelerated Depreciation. Additional Information Available Upon Request
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Features a Double-Drive-Thru with a 39 Car Stack and 86 Parking Spaces

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
4,995 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.32 AC
Zoning
C2
Parking
86 Spaces (17.22 Spaces per 1,000 SF Leased)
Frontage
235’ on West Parkway Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
049400-000-014350-00000
Land Assessment
$235,093
Improvements Assessment
$3,187,592
Total Assessment
$3,422,685
  • Listing ID: 26992519

  • Date on Market: 10/28/2022

  • Last Updated:

  • Address: 5100 W Parkway St, Groves, TX 77619

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