4210 Fm 1764th Rd Santa Fe, TX 77517-4430

Property Details for 4210 Fm 1764th Rd

Year built

2016

Lot size

0.84 lot acres

Property size

3,246 SF

Property type

Commercial real estate

APN

7453-0001-0002-000

APU

745300010002000

Description

This exceptional investment opportunity presents a fee-simple, Class A, 3,246 square foot Chicken Express restaurant in Santa Fe, Texas. Boasting a 20-year absolute NNN lease (commencing July 30, 2024, and expiring July 31, 2044) with four 5-year renewal options, this property offers exceptional stability and predictable cash flow. The lease includes 2% annual rent bumps, providing a hedge against inflation. The property sits on a 0.837-acre lot with 26 parking spaces and benefits from a high-traffic location on FM-1764 (over 13,000 vehicles daily) and proximity to TX-6 (over 19,000 vehicles daily). The strong demographics include over 43,000 people within a 5-mile radius, with average household incomes exceeding $150,000 within 1 mile. The location is strategically positioned across from Santa Fe Junior High School and near an HEB grocery store. The property's intrinsic value is further enhanced by its modern design, large format (3,246 sq ft), and ample parking, including a 15-car stack drive-thru bay. The tenant is a 10-unit operator with a strong background in restaurant operations, franchising, real estate, and logistics, providing additional security. The asking price is $2,353,585, representing a 6.50% cap rate and a price per square foot of $725.07. The property's location, approximately 35 miles from downtown Houston, offers access to a large and growing market. The Galveston County location is in a Commercial F-1 zoned area. This is a prime opportunity for investors seeking a low-maintenance, high-return investment in a strong Texas market. The Net Operating Income (NOI) is $152,983. The building was constructed in 2016.