Chick-fil-A

47 Meadow Park Avenue, Lewis Center, OH 43035

$3,235,000

Cap Rate 4.25%

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DOM: 10 Updated: 10.02.25 Posted: 10.02.25 Status: Active 10.02.25

Summary

Price $3,235,000	Built/Renov 2024	Tenant Chick-fil-A
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,167	Lease Start 04-29-2024	#Units 3,059
Price/SF $626.09	Expiration 09-30-2039	Tenant Type Fast Casual/Rest.
NOI $137,500	R. Term 13.11	Ownership Ground Lease
Rent/SF $26.61	Increases 10.0%/6/yrs	Pop 5Mi 172,621
Lot/AC 1.68	Options 7/5yrs/10%	AHHI 5Mi $155,595

Chris Lind

Marcus & Millichap: NLAG

Contact

Highlights

Brand new 2024 construction with dual drive-thru lanes
Absolute triple-net ground lease with 15-year term
Corporate guaranteed lease by Chick-fil-A, Inc
10% rent increases every 5 years with renewal options
Prime signalized hard corner location along Columbus Pike
Surrounded by national retailers including Walmart, Meijer, and Home Depot
Affluent trade area with $155,595 average household income within 5 miles
Net operating income of $137,500 with 4.25% cap rate

Location Description

Chick-fil-A is strategically located along Columbus Pike in Lewis Center, Ohio, with access to a daily traffic count of approximately 47,840 vehicles. The site is surrounded by major national retailers including Meijer, The Home Depot, Walmart, Kohl’s, Floor & Décor, and BJ’s Wholesale, driving consistent consumer traffic to the area. The property is located near several schools,...

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Key Features

New construction
Signalized intersection
Major thoroughfare
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Absolute NNN
Over 2000 units backed
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Lewis Center, OH Zip Code 43035 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chick-fil-A
Guarantor:Corporate
Company:Chick-fil-A Inc.
# Units:3,059

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...

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