13530 Highway 6, Santa Fe, TX
CAP RATE: 6.00%
NET OPERATING INCOME: $64,655
LOT SIZE: 0.74 AC
This is the rare opportunity to purchase a new 16 year absolute NNN leased Church’s Chicken in Santa Fe, Texas. The NNN lease provides for zero landlord obligations and calls for 1.5% annual increases in rent. The operator is Royal Texas, a strong and experienced franchisee with 110 units. The lease is guaranteed by a 56 unit entity. This asset is being offered as part of a portfolio and additional locations are available.
Santa Fe is a city in Galveston County, Texas. It is named for the Santa Fe Railroad which runs through the town alongside State Highway 6. The population of Santa Fe at the 2010 census was 12,222. The population density was 682.5 people per square mile. There were 4,957 housing units at an average density of 289.2 per square mile. Locals refer to their town as “The Fe.