1400 Turner Warnell Rd, Mansfield, TX

This property features a Golden Chick restaurant operating at this location since 2014. A new 20-year absolute NNN lease has been signed with approximately 19.5 years remaining with a new and experienced operator. The tenant is responsible for taxes, insurance, and maintenance/repair, and the lease includes 10% rental increases every 5 years. The business was recently acquired by a new operator with 32 years of experience. In addition to the tenant's personal and corporate guaranty, the lease is also guaranteed by additional individuals with 15 units open and 5+ more in the development pipeline. The site is located in the Dallas Fort Worth Metroplex. Public Works Department construction is underway to transform Turner Warnell Road, including widening the road to a 4 lane concrete roadway with street lights, adding landscaping and sidewalks, adding another road to connect Turner Warnell Rd. to Dan Gould Dr., and improving city utilities. The site is situated along Hwy-157 (S Cooper St.) with a traffic volume of approximately 30,634 VPD, surrounded by national and local retailers, less than 1 mile from Roberta Tipps Elementary School (approximately 530 Students), and walkable from Summit High School (approximately 1,950 Students). The surrounding area has over 213,000 people in a 5-mile radius with an average household income of over $139,000 in a 1-mile radius. Golden Chick, founded in 1967 and headquartered in Richardson, TX, operates over 230 locations across Texas, Oklahoma, Florida, Louisiana, and Mississippi, with plans to expand into Nevada and Alabama. The brand has been included in Nation’s Restaurant News’ Top 200 Restaurant Brands in the U.S. The property size is 2,240 square feet.