Price $6,940,000 | Built/Renov 2023 | Tenant Chick-fil-A |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
5,174
| Lease Start
10-06-2023
| #Units
2,806
|
Price/SF $1,341.32 | Expiration
11-30-2038
| Tenant Type Fast Casual/Rest. |
NOI $277,606 | R. Term 14.11 | 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 |
| |
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...
...New construction
Major thoroughfare
Dense retail corridor
Strong tenant synergy
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
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, under the name...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]