2803 N Big Spring St Midland, TX 79705

Building Details

Year Built

2019

Listing agency Faris Lee Investments h***@farislee.com Show Phone

Listed by Hunter Steffien · License #CalDRE #02036521 Show Phone

Source Farislee

Added: Nov 25, 2025 Updated: Jul 6 at 10:29AM Checked: Jul 21 at 6:40AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 15‑year Absolute NNN lease with 10% rental increases every 5 years, providing stable income and zero landlord responsibilities.
• Located in Midland‑Odessa, the fastest‑growing metro in Texas, driven by the energy sector.
• Newly constructed drive‑thru Golden Chick, offering depreciation benefits and a passive investment.

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FAQs

What type of property is this?

Drive through restaurant - New Golden Chick in Midland, TX with 15-year absolute NNN lease.

Where is this drive through restaurant located?

The property is located at 2803 N Big Spring St Midland, TX.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 15‑year Absolute NNN lease with 10% rental increases every 5 years, providing stable income and zero landlord responsibilities.; Located in Midland‑Odessa, the fastest‑growing metro in Texas, driven by the energy sector.; Newly constructed drive‑thru Golden Chick, offering depreciation benefits and a passive investment.