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Views: 27 DOM: 38 Updated: 04.25.24 Posted: 04.09.24 Status: Active

Summary

Price $4,950,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 3.54%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,656
Lease Start 06-06-2024
#Units 2,982
Price/SF $1,863.70
Expiration 06-30-2039
Tenant Type Fast Casual/Rest.
NOI $175,000
R. Term 15.1
Ownership Ground Lease
Rent/SF $65.89
Increases 10.0%/5/yrs
Pop 5Mi 231,917
Lot/AC 1.20
Options 10/5yrs/10%
AHHI 5Mi $89,921

Lease Highlights

  • Brand-new 2024 construction
  • Chick-fil-A will be executing a brand-new 15-year ground lease with 10 (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 at the signalized, hard corner intersection of S Hilltop Road and W Brandon Blvd., with access to a combined daily traffic count of 83,500 vehicles. The property holds a convenient location just 1.5 miles away from Interstate 75, which sees a traffic count of 143,000 VPD. Additionally, it is in close proximity to retail attractions, including the Brandon...

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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 : 13,433 99,787 239,114
2023 Total Population : 11,991 97,798 234,104
2023 Employed Civilian Pop : 6,224 52,695 122,819
2023 Total Businesses : 986 4,443 8,629
2023 Average Household Income : $ 72,644 $ 87,530 $ 90,066
2023 Total Consumer Spending : $ 315 M $ 2958 M $ 6940 M
2023 Median Age : 33 37 37
2023 Total Households : 4,929 38,736 88,760
2023 Pop Age 25+: Bachelor's Degree : 1,699 17,906 37,115
2023 Average Home Value : $ 297,065 $ 348,588 $ 324,505
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Brandon Blvd Morrison Rd 2011 69,000 0.14 mi
West Brandon Boulevard W Brandon Blvd 2022 72,000 0.25 mi
Pauls Dr Zellwood Dr 2015 3,495 0.27 mi
S Lakewood Dr Oakfield Dr 2011 18,910 0.27 mi
Lakewood Dr Lake Meadow Cir S 2012 6,900 0.28 mi
Oakfield Dr Pauls Dr 2015 11,440 0.31 mi
Lakewood Dr Lake Meadow Cir N 2016 7,000 0.31 mi
Oakfield Dr S Lakewood Dr 2016 12,700 0.33 mi
W Brandon Blvd Lakewood Dr 2016 83,500 0.34 mi
Pauls Drive Askew Dr 2022 4,600 0.39 mi

Listing Broker

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