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Golden Chick | 11823 Plano Rd | Dallas, TX 75243

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Golden Chick | 11823 Plano Rd | Dallas, TX 75243 1 OFFERING MEMORANDUM Triple Net (NNN) Lease Investment Opportunity 11823 Plano RoaD | Dallas, TX 75243 EXCLUSIVELY MARKETED BY: 2 ELAN SIEDER MAX FREEDMAN Lic. # 678407 Lic. # 644481 512.649.5185 | DIRECT 512.766.2711 | DIRECT [email protected] [email protected] 2101 SoutH IH 35, SuIte 402 AustIn, TX 78741 CHRIS SANDS DAN HOOGESTEGER 844.4.SIG.NNN Lic. # 93103 Lic. # 01376759 www.SIGnnn.com 310.870.3282 | DIRECT 310.853.1419 | DIRECT In CooperatIon wItH Sands Investment Group AustIn, LLC - Lic. # 9004706 [email protected] [email protected] © 2019 Sands Investment Group (SIG). The information contaIned in thIs ‘OfferIng Memorandum,’ has been obtaIned from sources belIeved to be relIable. Sands Investment Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representatIon or warranty about the accuracy contaIned hereIn. It is the responsIbIlIty of eacH individual to conduct thorougH due dilIgence on any and all information that is passed on about the property to determIne it’s accuracy and completeness. Any and all projectIons, market assumptIons and casH flow analysIs are used to help determIne a potentIal overvIew on the property, however there is no guarantee or assurance these projectIons, market assumptIons and casH flow analysIs are subject to change witH property and market condItIons. Sands Investment Group encourages all potentIal interested buyers to seek advIce from your tax, financIal and legal advIsors before makIng any real estate purcHase and transaction. TABLE OF CONTENTS 3 Golden Chick | 11823 Plano Rd | Dallas, TX 75243 Investment Overview Investment Summary Investment Highlights Property Overview Location Map Aerial Map Retail Map Area Overview City Overview Demographics Tenant Overview Tenant Profile Lease Abstract Lease Summary Rent Roll Actual Property Image INVESTMENT SUMMARY 4 Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,914 SF Golden Chick Located at 11823 Plano Road in Dallas, Texas. This New Long-Term Triple Net (NNN) Lease with Zero Landlord Responsibilities, Provides For a Secure Investment. OFFERING SUMMARY PRICE $1,636,363 CAP 5.50% NOI $90,000 PRICE PER SF $854.94 YEARS REMAINING 20 Years GUARANTOR GolDen Franchising Corp PROPERTY SUMMARY ADDRESS 11823 Plano Rd Dallas, TX 75243 COUNTY Dallas BUILDING AREA 1,914 SF LAND AREA 0.59 AC Actual Property Image BUILT 1998 5 HIGHLIGHTS Excellent Visibility Along Plano Road With an Average of 39,000 VPD and 47,700 VPD Along Forest Lane New Long-Term NNN Lease With Zero Minutes From Richland Community College Serving Landlord Responsibilities Over 20,000 Students and Staff on 155 Acres in the Lake Highlands Area Just Eight Minutes East of I-635 (Main Artery Corporate Guarantee from Franchisor of Connecting East Dallas to Garland and Plano) and the Golden Chick Walmart Supercenter Off Forest Lane at I-635 1.5% Annual Rent Increases 25 Minutes Into Downtown Dallas; Love Field Airport; DFW International Airport Population of 411,439 Residents With an Nearby Tenants Include: BB&T, Wells Fargo, Frost Bank, Above Average Household Income of $71,919 NAPA Auto Parts, Public Storage, U-Haul, Discount Tire, Located Within a 5-Mile Radius Braum’s Coffee, Take 5 Oil Change, Eagle Transmission, Whataburger, Taco Cabana, McDonald’s, Taco Bell and the Southwest Farmers Market 6 Golden Chick | 11823 Plano Rd | Dallas, TX 75243 7 Glen Oaks School ECR Systems Plano Rd City Tire and Service Downtown Dallas 8 Plano Rd B.N. Automotive QHT Inc. Forest Ln ECR Systems 9 Plano Rd Rd Plano Forest Ln CITY OVERVIEW 10 Dallas | Dallas County | Texas DALLAS, TX DALLAS HIGHWAYS COWBOYS STADIUM Dallas, TX Economy Contemporary Life Dallas is a major city in the U.S. state of Texas. It is the The city is the largest economic center of the 12-county Dallas is famous for many things; artistic and commercial, most populous city in the Dallas–Fort Worth metroplex, Dallas–Fort Worth metroplex metropolitan area which had pleasant and poignant, and just for simply being big! Big and the fourth most populous metropolitan area in the a population of 7,246,231 residents as of 2017. The area’s thinking, big ideas, big success. Dallas is famous for United States. The city's population ranks ninth in the U.S. economy is the 10th largest in the world. As of January professional sports teams. The Cowboys Stadium in and third in Texas after Houston and San Antonio. The 2017, the metropolitan job count has increased to Arlington is home of the Dallas Cowboys and the team’s city’s prominence arose from its historical importance as a 3,558,200 jobs. The city's economy is primarily based on famous cheerleaders; other professional sports teams center for the oil and cotton industries, and its position banking, commerce, telecommunications, technology, include the Texas Rangers, Dallas Mavericks, and FC along numerous railroad lines. The bulk of the city is in energy, healthcare & medical research, and transportation Dallas. To get the most incredible view of Dallas the Dallas County, of which it is the county seat; however, & logistics. The city is home to the third-largest observation deck of Reunion Tower is the best place to go. sections of the city are located in Collin, Denton, Kaufman, concentration of Fortune 500 companies in the nation NorthPark Center is an impressive venue to shop. It's the and Rockwall counties. The United States Census Bureau’s (behind New York City and Houston). Dallas ranks 4th second-largest mass of stores in the entire state of Texas estimate for the city's population increased to 1,317,929 as among 10 U.S. cities that are projected to soar the most and it ranks No. 21 in the US. Dallas has plenty of of 2017. Dallas has expanded so much, it was recently this year in terms of financial stability, based on population museums, green spaces, amusements parks, shopping rated as a "beta plus" world city. growth, employment, and business opportunities. venues and cool events. DEMOGRAPHICS 11 Golden ChiCk | 11823 Plano Rd | Dallas, TX 75243 Plano Rd (39,008 VPD) (39,008 Rd Plano Liberty Junior High School Population 1-MILE 3-MILE 5-MILE Bullock Elementary School 22,348 160,945 411,439 Forest Crest Neighborhood Forest Ln (47,700 VPD) Skyview Elementary School Average Household Income (223,670 VPD) Forest Meadow 1-MILE 3-MILE 5-MILE Jr. High School $50,529 $70,826 $71,919 TENANT PROFILE 12 Golden ChiCk is a fast food restaurant chain serving fried chicken. SinCe 1985, the chain's flagship menu item has been its chicken strips, trademarked as Golden Tenders. There are currentlY 183 stores operating in Texas, Oklahoma, South Carolina, Georgia, and Florida, and further plans for 25 more stores in the U.S. coming soon and also for international development. The first restaurant was opened in 1967 in San MarCos, Texas, under the name Golden Fried ChiCken. FranChising started in 1972. A deCade later, the franChise grew to a number of restaurants primarilY in Central Texas, with a foCus on cities like Austin and San Antonio. Eventually it expanded outside of Texas and crossed the state line into Oklahoma, and after some Years it even crossed the ocean into KaraChi, Pakistan. In 1996, Golden Fried ChiCken abbreviated to its present name, Golden ChiCk. The company is now headquartered in RiChardson, Texas. In 2017, Golden ChiCk celebrated its 50th anniversarY. COMPANY TYPE FOUNDED # OF LOCATIONS HEADQUARTERS WEBSITE Private 1967 183+ Richardson, TX goldenChiCk.com LEASE SUMMARY 13 TENANT Golden Operating Corporation PREMISES A Building of Approximately 1,914 SF LEASE COMMENCEMENT February 1, 2019 LEASE EXPIRATION January 31, 2039 LEASE TERM 20 Years RENEWAL OPTIONS 4 x 5 Years RENT INCREASES 1.5% Annually LEASE TYPE Triple Net (NNN) PERMITTED USE Restaurant PROPERTY TAXES Tenant’s Responsibility INSURANCE Tenant’s Responsibility COMMON AREA Tenant’s Responsibility ROOF & STRUCTURE Tenant’s Responsibility REPAIRS & MAINTENANCE Tenant’s Responsibility HVAC Tenant’s Responsibility UTILITIES Tenant’s Responsibility RIGHT OF FIRST REFUSAL Yes Actual Property Image RENT ROLL 14 Golden Chick | 11823 Plano Rd | Dallas, TX 75243 Actual Property Images SIZE ANNUAL RENT LEASE TERM TENANT SQUARE % OF ANNUAL RENT RENTAL INCREASE LEASE LEASE OPTIONS NAME FOOTAGE TOTAL BASE RENT PER SF INCREASE DATES BEGIN END Golden Operating 1,914 SF 100% $90,000 $47.02 1.5% Annually 02/01/2019 01/31/2039 4 x 5 Years Corporation CONFIDENTIALITY AGREEMENT 15 The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
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