loader
Join Free
Views: 76 DOM: 209 Updated: 05.03.24 Posted: 10.31.23 Status: Active

Summary

Price $6,637,000
Built/Renov 2023
Tenant Chick-fil-A
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,174
Lease Start 10-06-2023
#Units 2,806
Price/SF $1,282.76
Expiration 11-30-2038
Tenant Type Fast Casual/Rest.
NOI $275,447
R. Term 14.6
Ownership Fee Simple
Rent/SF $53.65
Increases 10.0%/5/yrs
Pop 5Mi 45,395
Lot/AC 1.68
Options 13/5yrs/10%
AHHI 5Mi $58,114

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 guarantee by Chick-fil-A Inc.

Location Description

This brand-new Chick-fil-A, complete with a drive-thru, is located along Highway 83, which averages 43,400 vehicles passing by daily and is the major retail thoroughfare serving the city of Penitas. The property is adjacent to a Walmart anchored center that also features Dollar Tree, Sally Beauty Supply, and more. It is positioned in the center of a primary retail corridor with other nearby...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A
  • # 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

NEWSLETTER SIGN UP

Subscribe
my activity