QSR with Drive-Thru Portfolio Sale Leaseback

Sale Leaseback

Price:

$32,000,000

Cap Rate:

Current Rent:

$1,920,000

Tenancy:

Single Tenant

Lease Type:

Triple Net

Lease Term:

15-Oct 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

Price:

$32,000,000

Cap Rate:

Current Rent:

$1,920,000

Lease Type:

Triple Net

Lease Term:

15-Oct years

Landlord Responsibilities:

None

Renewal Options:

Four, 5-year options

Rent Increases:

10% Rent Increases Every 5 Years

Listing Agents

Jonathan Wolfe

Managing Principal
312.310.2798[email protected]

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

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