Price $4,375,000 | Built/Renov 2023 | Tenant Chick-fil-A (GL) |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
4,500
| Lease Start
01-01-2024
| #Units
2,806
|
Price/SF $972.22 | Expiration
12-31-2039
| Tenant Type Fast Casual/Rest. |
NOI $175,000 | R. Term 16.0 | Ownership Ground Lease |
Rent/SF
$38.89
| Increases 10.0%/5/yrs | Pop 5Mi 112,703 |
Lot/AC 1.48 | Options 6/5yrs/10% | AHHI 5Mi $122,129 |
| |
Chick-fil-A is strategically located at the signalized, hard corner intersection of Ocotillo Rd and Ironwood Rd, averaging a combined 52,600 vehicles passing by daily. The building is equipped with a double drive-thru, providing ease and convenience for customers. The asset is in close proximity to multiple nearby national/credit tenants that include Safeway, Walgreens, Circle K, O’Reilly Auto...
...New construction
Signalized intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Top 100 MSA
Affluent AHHI $100K 5 Mi
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]