Price $5,765,000 | Built/Renov 2022 | Tenant Chick-fil-A |
Cap Rate 4.25% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
4,978
| Lease Start
08-25-2022
| #Units
2,806
|
Price/SF $1,158.10 | Expiration
07-31-2037
| Tenant Type Fast Casual/Rest. |
NOI $245,000 | R. Term 13.7 | Ownership Fee Simple |
Rent/SF
$49.22
| Increases 10.0%/4/yrs | Pop 5Mi 29,633 |
Lot/AC 1.85 | Options 13/5yrs/10% | AHHI 5Mi $81,492 |
| |
The subject property is prominently located with excellent access and visibility along FM 120 (15,229 AADT), just off Highway 75 (61,995 AADT), which is a major north-south arterial that connects the Dallas-Fort Worth metroplex to Oklahoma. The site benefits from robust demographics with a total daytime population of 31,966 and average household income of $81,492. There are a number of notable...
...New construction
Strategically located
Highway location
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee
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,...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 4,078 | 22,145 | 30,034 |
2023 Total Population : | 4,072 | 22,148 | 29,795 |
2023 Employed Civilian Pop : | 1,510 | 9,402 | 12,929 |
2023 Total Businesses : | 191 | 857 | 1,150 |
2023 Average Household Income : | $ 85,025 | $ 81,033 | $ 83,650 |
2023 Total Consumer Spending : | $ 130 M | $ 637 M | $ 876 M |
2023 Median Age : | 47 | 44 | 44 |
2023 Total Households : | 1,743 | 8,972 | 11,975 |
2023 Pop Age 25+: Bachelor's Degree : | 431 | 2,163 | 3,024 |
2023 Average Home Value : | $ 284,906 | $ 248,606 | $ 258,915 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
West FM 120 | FM 120 | 2021 | 16,129 | 0.27 mi |
West FM 120 | Regency Ln | 2020 | 15,229 | 0.27 mi |
W Parnell St | 2021 | 378 | 0.48 mi | |
North Highway 75 | N Hwy 75 | 2021 | 7,471 | 0.50 mi |
US 75 | Ansley Blvd | 2021 | 35,509 | 0.53 mi |
Laurel St | 2021 | 319 | 0.54 mi | |
Ansley Blvd | 2021 | 6,896 | 0.55 mi | |
US Hwy 75 | 2021 | 332 | 0.61 mi | |
Katy Memorial Expressway | N Hwy 75 | 2021 | 44,414 | 0.62 mi |
S Lillis Ln | 2021 | 4,788 | 0.68 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]