Chick-fil-A

50 N Creasy Ln, Lafayette, IN 47905

$4,186,000

Cap Rate 4.00%

View OM

DOM: 56 Updated: 09.04.25 Posted: 09.04.25 Status: Active 09.04.25

Summary

Price $4,186,000	Built/Renov 2020	Tenant Chick-fil-A
Cap Rate 4.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,250	Lease Start 01-16-2020	#Units 3,059
Price/SF $797.33	Expiration 01-31-2040	Tenant Type Fast Casual/Rest.
NOI $167,475	R. Term 14.3	Ownership Ground Lease
Rent/SF $31.90	Increases 10.0%/6/yrs	Pop 5Mi 128,414
Lot/AC 1.23	Options 8/5yrs/10%	AHHI 5Mi $71,155

Highlights

A rare 20-year triple net ground lease with 14.6 years remaining and eight 5-year renewal options
Lease features 10% rental increases every five years, providing consistent income growth and long-term yield expansion
Relocation store from nearby location, demonstrating commitment to the area and proven operational history
Store ranks in the top 7% of all Chick-fil-A locations nationwide for foot traffic, per Placer.ai
Positioned on hard-signalized corner of N Creasy Ln (18,248 CPD) and South St. (35,777 CPD) with 54,025 combined traffic count
Outparcel to Lowe’s and within a dense retail corridor including Target, Walmart Supercenter, TJ Maxx, and Hobby Lobby
Lafayette benefits from Purdue University, enrolling over 58,000 students annually, just 4 miles from the property
Nearby employment hub includes Caterpillar Large Engine Center with 2,000 employees and Subaru automotive assembly plant employing 6,500 people

Location Description

Chick-fil-A | Lafayette, IN is strategically located along N Creasy Lane at South Street in Lafayette, Indiana, with access to a daily traffic count of approximately 54,025 vehicles. The site is surrounded by major national retailers including Lowe’s, Walmart Supercenter, Target, etc, driving consistent consumer traffic to the area. The property is located near several schools, residential...

...

Key Features

New construction
Hard corner intersection
Major thoroughfare
Near major nationals
Business growth area
New development zone
Long 20+ yr lease
Strong sales history
Over 2000 units backed
Corporate Guarantee

...

Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia LAFAYETTE, IN Zip Code 47905 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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	5,774	58,571	133,596
2025 Total Population :	5,714	58,143	130,767
2025 Employed Civilian Pop :	3,103	31,089	66,201
2025 Total Businesses :	565	3,106	4,685
2025 Average Household Income :	$ 74,882	$ 78,539	$ 81,295
2025 Total Consumer Spending :	$ 166 M	$ 1809 M	$ 3674 M
2025 Median Age :	38	35	29
2025 Total Households :	2,549	26,314	51,723
2025 Pop Age 25+: Bachelor's Degree :	639	8,028	16,595
2025 Average Home Value :	$ 208,656	$ 253,122	$ 283,052

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Creasy Ln	State Rd 26	2007	21,611	0.08 mi
State Rd 26	N Creasy Ln	2015	29,217	0.08 mi
State Rd 26	N Creasy Ln	2015	31,688	0.12 mi
Local	State Rd 26	2020	29,761	0.14 mi
Rome Dr	N Creasy Ln	2004	1,249	0.19 mi
Rome Dr	N Creasy Ln	2006	2,830	0.19 mi
South Street	Eastland Dr	2018	33,503	0.24 mi
South Street	State Rd 26	2021	31,666	0.24 mi
Shenandoah Dr	Rome Dr	2007	5,968	0.35 mi
Union St	N Creasy Ln	2004	2,411	0.47 mi

Listing Broker

David McNevin

CBRE: NLPG Newport

Contact

9 Listings
2611 Views
2 Sold

Ian Schroeder

CBRE: NLPG Newport

Contact

21 Listings
8107 Views
9 Sold

David McNevin

David McNevin is an Associate for CBRE’s Net Lease Property Group in Newport Beach, California. The team specializes in the acquisition and disposition of single tenant net leased retail assets. David assists the team in outreach of new business development opportunities within the private client, merchant developer, and institutional space. David is passionate about the needs and goals of his client’s portfolios, delivering exceptional work ethic and attention to detail throughout the sales

...

Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

...

Melissa Ley Marshall

CBRE: NLPG Newport

Contact

22 Listings
8107 Views
9 Sold

Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

...

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