loader
Join Free
Views: 132 DOM: 256 Updated: 11.25.24 Posted: 03.21.24 Status: Active

Summary

Price $3,815,000
Built/Renov 2023
Tenant Chick-fil-A (GL)
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,711
Lease Start 04-25-2024
#Units 3,059
Price/SF $668.01
Expiration 04-30-2039
Tenant Type Fast Casual/Rest.
NOI $158,308
R. Term 14.5
Ownership Ground Lease
Rent/SF $27.72
Increases 10.0%/6/yrs
Pop 5Mi 45,899
Lot/AC 1.70
Options 13/5yrs/10%
AHHI 5Mi $73,572

Lease Highlights

  • Brand-new 2023 construction | Features a drive-thru equipped building with modern amenities and design
  • Brand-new 15-year ground lease with 13 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on U.S. Hwy 441, with access to 37,600 vehicles passing by daily. The property benefits from close proximity to a dense retail corridor that includes Lake Square Mall, a regional mall anchored by Belk, AMC Theatres, Books-A-Million, PetSmart, Hibbett Sports, Shoe Dept., and more. Additionally, it is in the vicinity of Lake-Sumter State College Airport and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Radio Rd Hwy 441 2012 7,711 0.27 mi
Radio Rd Shademoor Dr 2012 7,500 0.28 mi
Silver Lake Dr College Dr 2012 2,532 0.66 mi
Radio Rd Patrick Dr 2012 2,532 0.72 mi
Echo Dr 2022 35,606 0.72 mi
US Hwy 441 Lakes Blvd 2012 37,556 0.77 mi
Creek Rd Bayberry Dr 2012 12,939 1.11 mi
Radio Road Treadway School 2022 7,700 1.30 mi
US Hwy 441 Airport Vw 2012 37,556 1.37 mi
Silver Lake Dr N Silver Lake Rd 2012 2,532 1.39 mi

Listing Broker

Loading...
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

GET IN TOUCH

my activity