Chick-fil-A

5512 7th Street, Bay City, TX 77414

$6,457,000

Cap Rate 4.40%

Views: 240 DOM: 524 Updated: 09.12.24 Posted: 10.30.23 Status: Active

Summary

Price $6,457,000	Built/Renov 2023	Tenant Chick-fil-A
Cap Rate 4.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,173	Lease Start 11-01-2023	#Units 2,806
Price/SF $1,248.21	Expiration 11-30-2038	Tenant Type Fast Casual/Rest.
NOI $284,101	R. Term 13.8	Ownership Fee Simple
Rent/SF $54.92	Increases 10.0%/5/yrs	Pop 5Mi 21,693
Lot/AC 2.00	Options 13/5yrs/10%	AHHI 5Mi $73,066

Lease Highlights

Brand new 2023 construction
Chick-fil-A recently signed a new 15-year lease with 13 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

This newly constructed Chick-fil-A is strategically located along 7th St, which averages 29,600 vehicles passing by daily and is the major retail thoroughfare serving the city of Bay City. The property is positioned just down 7th St. from a Walmart anchored center that also features Anytime Fitness, Hibbett Sports, and Sally Beauty Supply. It is in the center of a primary retail corridor with...

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Key Features

New construction
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Bay City, Texas Zip Code 77414 Broker Site Page

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Local Information

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 :	689	12,819	21,698
2023 Total Population :	675	12,792	21,693
2023 Employed Civilian Pop :	289	5,161	8,605
2023 Total Businesses :	78	662	823
2023 Average Household Income :	$ 77,020	$ 76,890	$ 73,066
2023 Total Consumer Spending :	$ 17 M	$ 318 M	$ 520 M
2023 Median Age :	46	40	38
2023 Total Households :	256	4,683	8,045
2023 Pop Age 25+: Bachelor's Degree :	45	1,247	2,125
2023 Average Home Value :	$ 177,982	$ 159,111	$ 165,155

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
7th Street	Fm 457	2021	23,588	0.71 mi
Farm-to-Market Road 457	Farm Market 457	2021	4,150	0.86 mi
Nichols Avenue	5th St	2021	8,734	1.60 mi
Nichols Avenue	7th St	2020	9,377	1.60 mi
Nichols Ave	1st St	2002	7,000	1.74 mi
7th St	Ave G	2002	16,500	2.49 mi
7th Street	Fm 457	2021	29,565	2.54 mi
7th Street	Ave G	2020	15,712	2.54 mi
Avenue F	Ave G	2002	10,900	2.57 mi
Avenue G	3rd St	2021	23,967	2.58 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
70621 Views
194 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
64420 Views
163 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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