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JLL is pleased to offer for sale a brand-new Golden Chick location in Wharton, Texas, as a part of a sale-leaseback transaction. The asset will be 100% absolute triple net leased for an initial term of 20 years with a proposed rent of 8 percent of estimated sales. Founded in 1967, Golden Chick is one of the most rapidly growing fast-casual chains with over 190 locations and an estimated 500+ locations by 2030. The guarantor is an experienced Golden Chick operator who recently signed the largest agreement to own the rights to an additional 55 stores in the Houston DMA. This offering presents the opportunity to acquire a long-term single-tenant investment leased to a high performing fast-casual concept with absolutely no landlord responsibilities.
-20-year sale-leaseback with zero landlord responsibilities
-1.5% annual rent escalations
-Rapidly growing franchise with 20% revenue growth in Q2 2020
-Proposed rent represents eight percent of estimated sales
-Highly coveted retail thoroughfare with strong national tenancy