Views: 0 DOM: 118 Updated: 11.16.23 Posted: 08.16.23 Status: Active


Price $3,733,000
Built/Renov 2023
Tenant Chick-fil-A (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,996
Lease Start 09-30-2023
#Units 2,806
Price/SF $747.20
Expiration 10-01-2043
Tenant Type Fast Food/QSR
NOI $140,000
R. Term 19.9
Ownership Ground Lease
Rent/SF $28.02
Increases 10.0%/5/yrs
Pop 5Mi 111,672
Lot/AC 1.81
Options 8/5yrs/10%
AHHI 5Mi $70,665

Lease Highlights

  • Brand new 2023 construction
  • Chick-fil-A recently signed a brand new 20-year ground lease with 8 (5-year) options to extend
  • Lease features a 10% rental increase every 5 year through the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Chick-fil-A Inc.

Location Description

This newly constructed Chick-fil-A is strategically located along Preston Highway with access to over 54,900 vehicles per day. The property is within a new business development with neighboring tenants including Thorntons and Mikes Car Wash. Additional national/credit tenants in the area include Walmart, Lowe’s, Kroger, Meijer, Cinemark and others. In addition, the subject property is located...



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  • 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, under the name...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,568 62,153 127,137
2023 Total Population : 8,661 61,749 125,503
2023 Employed Civilian Pop : 4,630 31,740 65,899
2023 Total Businesses : 254 1,282 3,200
2023 Average Household Income : $ 84,541 $ 81,035 $ 82,035
2023 Total Consumer Spending : $ 256 M $ 1687 M $ 3529 M
2023 Median Age : 36 39 40
2023 Total Households : 3,499 23,968 49,517
2023 Pop Age 25+: Bachelor's Degree : 1,065 5,681 12,789
2023 Average Home Value : $ 272,305 $ 221,235 $ 237,663
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Old Preston Hwy Interchange Dr 2014 454 0.11 mi
Preston Hwy Old Preston Hwy 2015 43 0.13 mi
Old Preston Hwy Walden Dr 2012 400 0.20 mi
Preston Hwy Mount Washington Rd 2010 32,630 0.29 mi
Preston Hwy Cooper Chapel Rd 2010 36,000 0.30 mi
Faithful Way Mount Washington Rd 2010 60 0.35 mi
Mount Washington Rd Preston Hwy 2010 12,750 0.37 mi
Mud Ln Antonia Way 2010 12,480 0.38 mi
Mount Washington Rd Standiford Plz Dr 2010 11,260 0.39 mi
Cooper Chapel Rd Preston Crossing Blvd 2012 8,033 0.40 mi

Listing Broker

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