2416 Us Highway 79 Henderson, TX 75654

Property Details for 2416 Us Highway 79

Year built

2022

Lot size

1.87 lot acres

Property size

4,991 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 4,991 square foot Chick-fil-A restaurant in Henderson, Texas. Built in 2022, this property boasts a 15-year absolute NNN lease with 13 five-year renewal options, ensuring long-term stability and predictable income. The lease includes a 10% rent increase every five years, providing built-in protection against inflation. Located on a 1.87-acre lot at the signalized intersection of US-79 and S Evenside St, this high-traffic location benefits from approximately 17,700 vehicles passing daily. The property features 72 parking spaces and a convenient drive-thru. The strong tenant, Chick-fil-A, is backed by a corporate guarantee. This property is situated in a thriving retail corridor with other national tenants, including McDonald's, Panda Express, Sonic, Walmart Supercenter, Lowe's, CVS, Walgreens, and Dollar Tree, further enhancing its appeal and drawing significant consumer traffic. The property's location is also across from Henderson Plaza, a 118,000 square foot Kroger-anchored center. The 5-mile trade area boasts a population exceeding 18,500, with an affluent average household income of $97,598 within a 1-mile radius. The property's current NOI is $287,000, representing a 4.50% cap rate on the $6,378,000 asking price. The property is zoned C2: General Commercial. This is a rare opportunity to acquire a depreciable asset with minimal landlord responsibilities, offering a compelling investment with significant long-term growth potential.