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Views: 81 Updated: 10.20.23 Posted: 05.24.23 Status: Inactive

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 13.11
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...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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,...


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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

Listing Broker

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