Highlights
• Drive-thru Golden Chick – Midland, TX; regional brand with 217+ Texas locations • Absolute NNN lease – no landlord responsibilities, fully passive investment • Excellent demographics: affluent, dense population; prime visibility and access off Big Spring St (23,200+ VPD) • 15-year lease term with 10% rental increases • Midland-Odessa metro: fastest-growing in Texas • Fee simple interest in newly constructed QSR – depreciation & ownership benefits • Operated by a proven, experienced multi-unit operator
Description
Faris Lee Investments is pleased to present the opportunity to acquire a brand-new drive-thru Golden Chick restaurant in Midland, Texas. The property is secured by a 15-year Absolute NNN lease with 10% rental increases every five years, providing investors with stable, inflation-protected income and zero landlord responsibilities. Strategically located along Big Spring Street (23,200+ VPD), Midland’s primary north-south thoroughfare, the property enjoys excellent visibility and is surrounded by national retailers and key regional traffic drivers. The trade area includes over 24,000 residents within a three-mile radius with an average household income exceeding $150,000, underscoring a strong consumer base. Golden Chick, founded in 1967, operates more than 240 locations across Texas, Oklahoma, Louisiana, and Mississippi, including 217+ in Texas alone, and maintains strong brand recognition and customer loyalty. This location is managed by an experienced multi-unit franchisee who also operates McAlister’s Deli and Jamba Juice restaurants, highlighting operational expertise and performance. Midland–Odessa is the fastest-growing metro in Texas, with a 2.8% annual population growth over the past five years, and is a critical hub of the U.S. energy sector, producing 40% of the nation’s oil and 22% of its natural gas, supporting high employment and income levels. This offering provides investors with a fee simple interest in a newly constructed, drive-thru Golden Chick, delivering long-term stability, full depreciation benefits, and a passive investment in one of Texas’s most dynamic growth markets.
Listing Details
- Cap Rate
5.5%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Sale Type
Investment Sale
- Date Listed
10/24/2025
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$115,000
- Ground Lease
No
- Parking Info
20 Spaces (9.03 Spaces per 1,000 SF Leased)
- Building FAR
0.13
Property Specifics
- Property Name
Golden Chick | 2803 N Big Spring St
- Property Class
A
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2019
- Building Size
2,215 SF
- Lot Size
0.39 Ac
- APN
R000027505
- Zoning
Commercial
- Occupancy
100%