3809 1St StAbilene, TX 79603

Property Details for 3809 1St St

Year built

1975

Lot size

0.94 AC

Property size (Sq ft)

5,065 SF

Property type

Other commercial real estate

APN

21500001900

APU

21500001900

Description

This exceptional investment opportunity presents a fee-simple ownership of a Golden Chick restaurant located at 3809 N 1st St, Abilene, TX 79603. The property boasts a 2,800 square foot building constructed in 2017 and situated on a 0.861-acre lot. The property benefits from a prominent location on a main thoroughfare, approximately six miles from Dyess AFB, and features a hard-signalized corner. The current tenant operates under a 15-year absolute NNN lease, providing significant stability and predictable cash flow. The lease includes a 10% rent increase every five years, ensuring future income growth. The property's strong performance is evidenced by its current 100% occupancy and a substantial net operating income (NOI) of $168,000, resulting in an attractive 6.25% cap rate. The lease also includes four 5-year renewal options, further enhancing the long-term value of this investment. This single-tenant, franchisee-operated property offers a compelling combination of strong tenant credit, a prime location, and a secure, long-term lease, making it an ideal addition to any diversified real estate portfolio. The asking price is $2,688,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,597,176

  Hospitality

  $1,463,005

  Educational

  $1,217,203

  Medical

  $1,259,064

  Retail

  $1,893,427

Location Insight

City

Abilene

County

Taylor

State

Texas

Latitude

32.4519

Longitude

-99.7689

CBSA code

10180

CBSA name

ABILENE, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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