GOLDEN CHICK (Dallas-Fort Worth) 1400 Turner Warnell Rd

BRAND NEW 20 YEAR LEASE EXTENDED – Golden Chick has been in operation at this location since 2014, demonstrating its demand in the area. A new 20 year lease absolute NNN lease was just signed at this location with ±19.5 Years remaining with a new and experienced operator.
ABSOLUTE NNN WITH RENTAL INCREASES – Tenant is responsible for taxes, insurance, maintenance/repair, and includes 10% rental increases every 5 Years, providing the Landlord a passive and growing stream of income.
STRONG PERSONAL GUARANTY AND EXPERIENCED OPERATOR – The business was recently acquired by a new operator, who has 32 years of experience and track record. In addition to the Tenant’s personal and corporate guaranty, the lease is also guaranteed by additional individuals with 15 units open and 5+ more in the development pipeline as well. Contact Broker for more information.
TOP 4 MSA IN THE UNITED STATES AND NO STATE INCOME TAX – This site is in the Dallas Fort Worth Metroplex, the 4th largest and still one of the fastest growing regions in the United States.
NEW CITY / STREET IMPROVEMENTS UNDERWAY – To support the growth and development in the area, the Public Works Department began construction to transform Turner Warnell Road, where this property is located. These improvements, including widening the road to a 4 lane concrete roadway with street lights, adding landscaping and sidewalks, adding another road to connect Turner Warnell Rd. to Dan Gould Dr., and improving city utilities, will all directly benefit the store.
PRIME LOCATION – This site is situated along Hwy-157 (S Cooper St.) with a traffic volume of ±30,634 VPD, surrounded by national and local retailers. The site also sits less than 1 mile from Roberta Tipps Elementary School (±530 Students) and is walkable from Summit High School (±1,950 Students) just down the road.
AFFLUENT AREA AND STRONG DEMOGRAPHICS – There are over 213,000 people in 5 mile radius with an average household income of over $139,000 in a 1 mile radius.
REPUTABLE TENANT HOMEGROWN IN TEXAS – Golden Chick, founded in 1967 and headquartered not far away in Richardson, TX, operates over 230 locations across Texas, Oklahoma, Florida, Louisiana, Mississippi with plans to expand into Nevada and Alabama soon. The brand has been included in Nation’s Restaurant News’ Top 200 Restaurant Brands in the U.S.
Chad Kurz & Kevin Puder, in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code.
Broker of Record
Patrick Graham
License No. 9005919 (TX)