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Chicken Express | New 15yr Abs NNN SLB 714 E Main St

3,278 SF Retail Building Allen, TX 75002 $2,800,000 ($854/SF) 5.75% Cap Rate

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Investment Highlights

15-Year Sale-Leaseback | Scheduled Rental Increases | Growing Brand | Options to Extend
Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes | Direct Consumer Base

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along E. Main St (34,200 VPD) | U.S. Hwy 75 (184,800 VPD)| Excellent Visibility | Office Space Included

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 Sale-Leaseback, freestanding, Chicken Express investment property located in Allen, Texas. The tenant, Chicken Express, will enter into a brand new 15 year lease at COE with 3 (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 investor. Chicken Express, Distribution (CEFS), is headquartered in Burleson, Texas and has over 250 locations in Texas, Arkansas, Louisiana and Oklahoma. The offering also includes a 1,200 square foot office building that the seller uses as their headquarters.