Cap Rate: 4.75%
Yr Built: 2022
The Kase Group is pleased to present the rare opportunity to acquire an absolute NNN Church’s Chicken in Kingsville, Texas. The long-term lease features 7.5% increases every 5 years in the initial term and during the option terms and is absolute NNN with zero landlord responsibilities. This is a brand new location subject to a 20 year lease.
The site benefits from a strategically located near several retailers including HEB, Walgreens, Lowe’s Home Improvement, Walgreens and more. Church’s Chicken is also 1.5 Miles from Texas A&M University-Kingsville.
Kingsville is located along Highway 77 between Corpus Christi and Harlingen, and is the county seat of Kleberg county. It is part of the Corpus Christi-Kingsville Combined Statistical Area, which has a population of more than 500,000. The city is home to Texas A&M University-Kingsville (9,200 students enrolled) and Naval Air Station Kingsville (NAS Kingsville).