1161 Hwy 290th E St Brenham, TX 77833-5705

Property Details for 1161 Hwy 290th E St

Year built

2023

Lot size

1.80 lot acres

Property size

5,329 SF

Property type

Commercial real estate

APN

3979-000-00700

APU

397900000700

Description

This exceptional investment opportunity presents the fee simple interest (land and building) in a brand-new, 4,930 square foot Chick-fil-A restaurant in Brenham, Texas. Located on US Highway 290, a major thoroughfare with 45,600 vehicles per day, this property boasts excellent visibility and accessibility. The property features a modern design, including a "Mobile Thru" lane for enhanced customer convenience. The 15-year absolute NNN lease, commencing December 1, 2023, and expiring December 1, 2038, includes 13 five-year renewal options, providing long-term stability and significant upside potential. The lease features 10% rental increases every five years, effectively hedging against inflation. The property sits on a 1.8-acre lot with 74 parking spaces and benefits from a strong regional retail corridor with numerous national tenants, including Walmart, Home Depot, and H-E-B. The surrounding area includes a significant hospitality cluster, further enhancing traffic and consumer draw. The 5-mile trade area boasts approximately 22,700 residents and 18,550 employees, with an average household income of $95,638. This investment offers a 4.50% cap rate and a substantial net operating income (NOI) of $288,799, making it an ideal, management-free investment in a state with no income tax. The property's strong tenant, Chick-fil-A, Inc., provides a corporate guarantee, minimizing risk. The asking price is $6,418,000, representing a price per square foot of $1,301.83. This is a truly exceptional opportunity for passive investors seeking a secure, high-return investment.