New Drive-Thru Golden Chick
For Sale
$1,800,000
2803 N Big Spring St, Midland, TX 79705
New Golden Chick in Midland, TX with 15-year absolute NNN lease.
Property Size2,215 SF
Price / SF$812.64
Days on Market271
Property Features for 2803 N Big Spring St
General Information
Standard status
Active
Size
2,215 SF
Property subtype
Retail
Net Operating Income
$99,000
Building Details
Building Size
2,215 SF
Year Built
2019
Listing Agency:
Faris Lee Investments
(949) 633-2538
Listed By:
Hunter Steffien · License #CalDRE #02036521
(949) 633-2538
Source:
Farislee
Added: Nov 25, 2025
Changed: Aug 9
Last Checked: Aug 23 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 31%
Groceries 5%
Home Improvements & Furnishings 1%
Rosa's Cafe
Dining
26,099 visits/mo
0.1 miles
Dollar Tree
Shops & Services
14,442 visits/mo
0.3 miles
SONIC Drive In
Dining
12,077 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
11,677 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,868 visits/mo
0.4 miles
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
