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Views: 52 DOM: 132 Updated: 05.03.24 Posted: 01.05.24 Status: Active

Summary

Price $6,857,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 3.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,000
Lease Start 02-01-2024
#Units 2,806
Price/SF $1,371.40
Expiration 02-01-2039
Tenant Type Fast Casual/Rest.
NOI $240,000
R. Term 14.8
Ownership Ground Lease
Rent/SF $48.00
Increases 10.0%/10/yrs
Pop 5Mi 209,862
Lot/AC 2.09
Options 8/5yrs/10%
AHHI 5Mi $138,450

Lease Highlights

  • Brand-new 2024 construction
  • Chick-fil-A recently signed a brand-new 15-year ground lease with 8 (5-year) options to extend
  • Lease features 10% rental increase in the 11th year of the initial term and at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on Clinton Keith Road, with clear visibility and access to 27,300 vehicles passing by daily. The property benefits from direct on/off ramp access to Interstate 215 (106,600 VPD), a major thoroughfare connecting the Los Angeles MSA. Ideally situated within The Vineyard Shopping Center, a newly constructed regional shopping center anchored by Costo Wholesale...

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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, under the name...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,516 80,291 215,897
2023 Total Population : 9,242 79,533 209,215
2023 Employed Civilian Pop : 4,852 35,226 96,027
2023 Total Businesses : 232 1,971 6,360
2023 Average Household Income : $ 158,916 $ 132,404 $ 138,783
2023 Total Consumer Spending : $ 380 M $ 2853 M $ 7581 M
2023 Median Age : 33 35 34
2023 Total Households : 2,842 25,347 64,286
2023 Pop Age 25+: Bachelor's Degree : 1,594 11,500 31,791
2023 Average Home Value : $ 645,373 $ 578,206 $ 595,557
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clinton Keith Road Creighton Ave 2019 28,700 0.02 mi
Clinton Keith Rd Whitewood Rd 2008 13,000 0.05 mi
Whitewood Rd Clinton Keith Rd 2008 3,848 0.10 mi
Antelope Rd Clinton Keith Rd 2008 2,300 0.11 mi
2005 2,300 0.18 mi
Clinton Keith Road 2021 107,500 0.23 mi
215 2018 106,600 0.30 mi
Clinton Keith Rd McElwain Rd 2019 37,500 0.40 mi
McElwain Road Delaney Cir 2019 15,000 0.45 mi
Meadowlark Ln Lindstrand Ave 2008 2,196 0.45 mi

Listing Broker

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