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Views: 130 DOM: 162 Updated: 10.30.24 Posted: 06.12.24 Status: Active

Summary

Price $3,846,154
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 4.55%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,995
Lease Start 09-01-2024
#Units 3,059
Price/SF $770.00
Expiration 08-31-2039
Tenant Type Fast Food/QSR
NOI $175,000
R. Term 14.9
Ownership Ground Lease
Rent/SF $35.04
Increases 7.5%/5/yrs
Pop 5Mi 211,669
Lot/AC 1.47
Options 12/5yrs/7.5%
AHHI 5Mi $75,203

Lease Highlights

  • Brand new 2024 construction
  • Brand new 15-year ground lease with 12 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on Eureka Road, a major retail corridor, with access to a robust daily traffic count of 53,848 vehicles. The property is surrounded by well-known national tenants including Kohl's, Sephora, Target, T-Mobile, Macy's, and more. The 5-mile trade area is supported by a population of 211,669 residents with an average household income of $75,203. Taylor is a city...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:3,059
  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,782 65,135 205,419
2024 Total Population : 3,761 66,174 210,090
2024 Employed Civilian Pop : 1,667 31,960 106,202
2024 Total Businesses : 428 2,174 6,053
2024 Average Household Income : $ 73,216 $ 84,823 $ 90,307
2024 Total Consumer Spending : $ 112 M $ 2099 M $ 7042 M
2024 Median Age : 46 40 41
2024 Total Households : 1,717 27,865 88,065
2024 Pop Age 25+: Bachelor's Degree : 443 6,929 22,950
2024 Average Home Value : $ 206,257 $ 214,936 $ 205,979
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Eureka Rd Plz South Dr 2009 39,921 0.13 mi
Eureka Rd Mortenview Dr 2011 51,305 0.18 mi
Racho Road Racho Rd 2022 7,307 0.22 mi
Eureka Rd Plz South Dr 2009 38,990 0.33 mi
Eureka Rd Penn St 2015 31,160 0.33 mi
Eureka Road Penn St 2022 30,761 0.35 mi
Eureka Rd AND S I 75 I- 75 2021 884 0.50 mi
Eureka Rd 2022 420 0.53 mi
Eureka Rd 2022 3,081 0.53 mi
Eureka Rd Pardee Rd 2009 45,921 0.53 mi

Listing Broker

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