Cap Rate: 5.25%
Net Operating Income: $100,000
Square Footage: 1,949
Year Built: 2020
The Kase Group is pleased to present the rare opportunity to acquire an absolute NNN Church’s Chicken in Killeen, 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 position with nearby retailers including McDonald’s, Burger King, Conn’s, Starbucks, Big Lots, Wendy’s, IHOP, Taco Bell, 7-Eleven and many more.
Greater Killeen has a population, based on the 2000 Census, of 135,824. It is a rapidly growing area and is home to Central Texas College, Tarleton State University’ s Central Texas Campus and the 217,000 acre Fort Hood, the largest military base in the United States. Downtown Killeen is bordered by Rancier Avenue, listed on the the National Register for historic places. The area has been recognized for its historical and architectural significance to the city and country.