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Views: 76 DOM: 209 Updated: 05.03.24 Posted: 10.31.23 Status: Active


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...



  • 1 Mile
  • 3 Miles
  • 5 Miles


  • 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...


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