Bush’s Chicken

 

  • Long Term Lease Commencing Upon Tenant Opening for Business
  • Newly Renovated Former Chicken Express – Opened July 11th
  • Absolute Triple Net Lease with Zero Landlord Responsibilities
  • Successful Franchisee Actively Expanding Texas Footprint
  • 10% Rent Increases Every 5 Years
  • Four (4) x Five (5) Year Options to Extend
  • Over 29,000 Vehicles Per Day Along Thousand Oaks Drive
  • Neighboring Tenants Include: HEB, Anytime Fitness, Bealls, CVS, O’Reilly and Jiffy Lube

AutoZone

 

  • Single Tenant NNN Ground Lease with 11 Years Remaining
  • 10% Rent Increases Every 5 Years
  • Dec 1, 2015 Rent Increases to $56,760 Taking it to a 5.78% CAP
  • Four 5-Year Options to Renew in Place
  • Corporate Guaranty from AutoZone (NYSE:AZO)
  • Optimal Demographics with 242,924 Residents with 5 Miles