2803 N Big Spring St Midland, TX 79705

This property features a new drive-thru Golden Chick restaurant located in Midland, Texas. The property is secured by a 15-year absolute NNN lease with 10% rental increases every 5 years. The site offers visibility along Big Spring Street, which sees over 23,200 vehicles per day, and is surrounded by national retailers. The location benefits from over 24,000 residents within a 3-mile radius and an average household income exceeding $150,000. Golden Chick, founded in 1967, has over 240 locations across Texas, Oklahoma, Louisiana, and Mississippi, including over 217 in Texas. This location is operated by an experienced multi-unit franchisee who also owns McAlister’s Deli and Jamba Juice restaurants. Midland–Odessa is the fastest-growing metro in Texas, posting 2.8% annual population growth over the past five years. The region anchors the U.S. energy market, producing 40% of the nation’s oil and 22% of its natural gas. The property is a newly constructed quick-service restaurant asset, offering depreciation and ownership advantages. The property size is 2,215 square feet.