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Chick-fil-A
1609 North Jefferson Avenue, Mount Pleasant, TX 75455
$7,267,000
Cap Rate 4.00%
Summary
| Price $7,267,000 | Built/Renov 2023 | Tenant Chick-fil-A |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,947
| Lease Start
09-01-2023
| #Units
2,806
|
| Price/SF $1,468.97 | Expiration
08-31-2038
| Tenant Type Fast Casual/Rest. |
| NOI $290,695 | R. Term 14.8 | Ownership Fee Simple |
| Rent/SF
$58.76
| Increases 10.0%/5/yrs | Pop 5Mi 19,995 |
| Lot/AC 2.09 | Options 13/5yrs/10% | AHHI 5Mi $71,966 |
| | |
Lease Highlights
- Brand-new 2023 construction
- Tenant recently signed a brand-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 period
- Absolute NNN lease with zero landlord responsibilities
- Corporate guaranteed lease by Chick-fil-A, Inc
Location Description
This Chick-fil-A is located at the signalized, hard-corner intersection of N Jefferson Ave and U.S. Highway 67, which averages a combined 27,000 vehicles passing by daily. The asset is complete with a drive-thru, providing ease and convenience for customers. The asset is less than 2 miles north of Jefferson Park, a 130,000 square foot shopping center with major tenants including Super 1 Foods,...
...Features
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New construction
-
Near major nationals
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Strategically located
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Highway location
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Income tax free state
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Brand new lease
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Long 15+ yr lease
-
Absolute NNN
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Over 2000 units backed
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Corporate Guarantee
...
Maps
Tenant
- Tenant: Chick-fil-A
- Guarantor:Corporate
- Company:Chick-fil-A Inc.
- # 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,...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,719 | 17,095 | 19,979 |
| 2023 Total Population : | 4,689 | 17,196 | 20,128 |
| 2023 Employed Civilian Pop : | 2,019 | 7,573 | 8,723 |
| 2023 Total Businesses : | 393 | 921 | 984 |
| 2023 Average Household Income : | $ 64,329 | $ 66,993 | $ 68,688 |
| 2023 Total Consumer Spending : | $ 92 M | $ 343 M | $ 415 M |
| 2023 Median Age : | 31 | 32 | 33 |
| 2023 Total Households : | 1,615 | 5,812 | 6,875 |
| 2023 Pop Age 25+: Bachelor's Degree : | 232 | 1,409 | 1,686 |
| 2023 Average Home Value : | $ 146,762 | $ 154,772 | $ 158,795 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West 16th Street | N Johnson Ave | 2021 | 7,907 | 0.09 mi |
| North Jefferson Avenue | W 15th St | 2020 | 16,258 | 0.11 mi |
| East 16th Street | N Washington Ave | 2021 | 9,047 | 0.15 mi |
| East 16th Street | N Washington Ave | 2020 | 7,975 | 0.15 mi |
| N Jefferson Ave | E 14th St | 2002 | 17,000 | 0.19 mi |
| North Jefferson Avenue | Talco Rd | 2020 | 12,060 | 0.29 mi |
| Wilson Dr | 2021 | 2,639 | 0.45 mi | |
| I- 30 Svc Rd | 2021 | 25,403 | 0.49 mi | |
| Talco Rd | 2021 | 2,726 | 0.50 mi | |
| W 19th St | 2021 | 1,372 | 0.58 mi |
