QSR with Drive-Thru Portfolio Sale Leaseback

Nine Property Portfolio in Dallas-Fort Worth MSA
Deal Type:
Sale Leaseback
Price:
$32,000,000
Cap Rate:
6.00%
Current Rent:
$1,920,000
Lease Type:
Triple Net
Lease Term:
10-15 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year options
Rent Increases:
10% Rent Increases Every 5 Years

Investment Highlights

  • All of the locations benefit from busy drive-thrus which contribute 75%-85% to overall store sales
  • Chicken Express has strong regional brand recognition in the Southern United States with over 250 locations and growing
  • The portfolio exhibits robust unit-level economics with average EBITDAR/Rent coverage of ~2.2x
  • Well-located sites in the DFW metro area with clear signage and great frontage and visibility along major thoroughfares with excellent traffic counts
  • Strong local demographics with the dense area and daytime employee populations and above-average household incomes

Listing Agents

Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Texas Broker #9009637

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