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Chick-fil-A
5512 7th Street, Bay City, TX 77414
$6,890,000
Cap Rate 4.00%
Summary
| Price $6,890,000 | Built/Renov 2023 | Tenant Chick-fil-A |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,173
| Lease Start
11-01-2023
| #Units
2,806
|
| Price/SF $1,331.92 | Expiration
11-30-2038
| Tenant Type Fast Casual/Rest. |
| NOI $275,610 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$53.28
| Increases 10.0%/5/yrs | Pop 5Mi 21,693 |
| Lot/AC 2.00 | Options 13/5yrs/10% | AHHI 5Mi $73,066 |
| | |
Lease Highlights
- Brand new 2023 construction
- Chick-fil-A recently signed a new 15-year lease with 13 (5-year) options to extend
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
This newly constructed Chick-fil-A is strategically located along 7th St, which averages 29,600 vehicles passing by daily and is the major retail thoroughfare serving the city of Bay City. The property is positioned just down 7th St. from a Walmart anchored center that also features Anytime Fitness, Hibbett Sports, and Sally Beauty Supply. It is in the center of a primary retail corridor with...
...Features
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New construction
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Dense retail corridor
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Near major nationals
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Highway location
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Top 100 MSA
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Income tax free state
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
-
Corporate Guarantee
...
Maps
Tenant
- Tenant: Chick-fil-A
- Guarantor:Corporate
- Company:Chick-fil-A Inc.
- # Units:2,806
- Stock:Private
About Tenant
Chick-fil-A is one of the largest American fast food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the name...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 689 | 12,819 | 21,698 |
| 2023 Total Population : | 675 | 12,792 | 21,693 |
| 2023 Employed Civilian Pop : | 289 | 5,161 | 8,605 |
| 2023 Total Businesses : | 78 | 662 | 823 |
| 2023 Average Household Income : | $ 77,020 | $ 76,890 | $ 73,066 |
| 2023 Total Consumer Spending : | $ 17 M | $ 318 M | $ 520 M |
| 2023 Median Age : | 46 | 40 | 38 |
| 2023 Total Households : | 256 | 4,683 | 8,045 |
| 2023 Pop Age 25+: Bachelor's Degree : | 45 | 1,247 | 2,125 |
| 2023 Average Home Value : | $ 177,982 | $ 159,111 | $ 165,155 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 7th Street | Fm 457 | 2021 | 23,588 | 0.71 mi |
| Farm-to-Market Road 457 | Farm Market 457 | 2021 | 4,150 | 0.86 mi |
| Nichols Avenue | 5th St | 2021 | 8,734 | 1.60 mi |
| Nichols Avenue | 7th St | 2020 | 9,377 | 1.60 mi |
| Nichols Ave | 1st St | 2002 | 7,000 | 1.74 mi |
| 7th St | Ave G | 2002 | 16,500 | 2.49 mi |
| 7th Street | Fm 457 | 2021 | 29,565 | 2.54 mi |
| 7th Street | Ave G | 2020 | 15,712 | 2.54 mi |
| Avenue F | Ave G | 2002 | 10,900 | 2.57 mi |
| Avenue G | 3rd St | 2021 | 23,967 | 2.58 mi |
