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Views: 11 DOM: 26 Updated: 05.10.24 Posted: 04.20.24 Status: Active

Summary

Price $6,112,000
Built/Renov 2023
Tenant Chick-fil-A
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,987
Lease Start 07-01-2024
#Units 2,982
Price/SF $1,225.59
Expiration 06-30-2039
Tenant Type Fast Casual/Rest.
NOI $268,941
R. Term 15.1
Ownership Fee Simple
Rent/SF $53.93
Increases 10.0%/5/yrs
Pop 5Mi 7,044
Lot/AC 2.16
Options 13/5yrs/10%
AHHI 5Mi $61,188

Lease Highlights

  • Brand new 2023 construction
  • Chick-fil-A will be executing a brand new 15-year lease with 13 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on State Highway 71, a major retail thoroughfare, with access to 19,000 vehicles passing by daily. Additionally, the property offers direct on/off ramp access to Interstate 10, a major east/west thoroughfare experiencing a traffic count of 23,500 VPD. Boasting excellent visibility, the property features significant street frontage and a large pylon sign,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:2,982
  • 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 : 565 3,420 12,020
2023 Total Population : 584 3,492 12,154
2023 Employed Civilian Pop : 282 1,513 4,521
2023 Total Businesses : 6 239 822
2023 Average Household Income : $ 84,119 $ 84,404 $ 75,781
2023 Total Consumer Spending : $ 17 M $ 100 M $ 288 M
2023 Median Age : 49 48 43
2023 Total Households : 244 1,387 4,350
2023 Pop Age 25+: Bachelor's Degree : 68 442 990
2023 Average Home Value : $ 243,605 $ 238,115 $ 188,864
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Blue Springs Road Metal Dr 2022 3,600 1.24 mi
Blue Springs Hwy Chapel Ln 2005 3,400 1.61 mi
Cile Ln 2022 7,700 1.89 mi
Odom Dr 2022 6,200 1.99 mi
Reddoch Rd Solitare Trl 2005 550 2.04 mi
Owen St 2022 9,100 2.06 mi
Coachman Ln Hwy 90 2005 10,000 2.11 mi
Turner Rd 2022 20,300 2.20 mi
Hwy 71 Old Spanish Trl 2005 15,400 2.27 mi
Trails End Ct Blue Springs Rd 2005 1,800 2.37 mi

Listing Broker

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