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Chick-fil-A
2760 U.S. 331, DeFuniak Springs, FL 32435
$6,369,000
Cap Rate 4.00%
Summary
| Price $6,369,000 | Built/Renov 2023 | Tenant Chick-fil-A |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,131
| Lease Start
07-01-2023
| #Units
2,806
|
| Price/SF $1,241.28 | Expiration
06-30-2038
| Tenant Type Fast Casual/Rest. |
| NOI $254,762 | R. Term 14.6 | Ownership Fee Simple |
| Rent/SF
$49.65
| Increases 10.0%/5/yrs | Pop 5Mi 10,984 |
| Lot/AC 1.72 | Options 13/5yrs/10% | AHHI 5Mi $73,212 |
| | |
Lease Highlights
- Brand new 2023 construction
- Chick-fil-A recently signed a brand new 15-year lease with 13 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Chick-fil-A Inc.
Location Description
This newly constructed 5,131 square foot drive thru equipped Chick-fil-A is situated on a 1.72 acres lot just off of US-331 with access to 27,500 vehicles per day. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, Walgreens, Zaxby’s, McDonalds and more, further increasing consumer...
...Features
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New construction
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Major thoroughfare
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Near major nationals
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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
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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,...
...
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| United States Highway 331 N | Bob McCaskill Dr | 2005 | 6,600 | 1.36 mi |
| US Highway 331 North | Walton Rd | 2021 | 8,300 | 1.97 mi |
| County Highway 192 | Crowder Rd | 2021 | 550 | 2.43 mi |
| Shoemaker Drive | Walton Rd | 2021 | 2,200 | 2.62 mi |
| County Highway 1883 | Triple G Rd | 2005 | 800 | 2.64 mi |
| Nelson Ave W | United States Hwy 331 N | 2005 | 8,000 | 2.75 mi |
| State Highway 83 | Clarks Landing R | 2021 | 8,200 | 2.79 mi |
| Nelson Ave W | United States Hwy 331 N | 2005 | 13,900 | 2.82 mi |
| US Highway 90 West | Rose Ln | 2021 | 14,400 | 2.94 mi |
| Walton Road | Fallen Heroes Wa | 2021 | 3,400 | 2.94 mi |
