5317 Buffalo Gap Rd Abilene, TX 79606
- Commercial real estate
- 2,800 SF
- 0.90 lot acres
Current Use by Public Records
- Golden Chick / Fast Food Restaurant / American Restaurant
Property Details for 5317 Buffalo Gap Rd
- Year built
- 2018
- Lot size
- 0.90 lot acres
- Property size
- 2,800 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fee-simple, 2,800 square foot Golden Chick restaurant in Abilene, Texas. Located at 5317 Buffalo Gap Rd, this single-tenant property boasts a 15-year absolute NNN lease commencing March 1, 2025, and expiring February 29, 2040, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property sits on a 0.9-acre lot and benefits from a high-traffic location on Buffalo Gap Road, a major north-south thoroughfare in Abilene, experiencing nearly 27,000 vehicles daily. Built in 2018, this Class B building currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $168,000 and a 6.25% cap rate. The asking price is $2,688,000. This sale-leaseback transaction offers a secure, long-term investment with a proven franchisee tenant. The property's strategic location directly across from Hendrick Emergency Care Center Plaza further enhances its appeal and potential for sustained profitability. The property is a single-story building with a single unit.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.767535992268
- Latitude
- 32.385074076132
