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Views: 152 DOM: 418 Updated: 09.12.24 Posted: 10.30.23 Status: Active

Summary

Price $6,763,000
Built/Renov 2023
Tenant Chick-fil-A
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,930
Lease Start 11-01-2023
#Units 2,806
Price/SF $1,371.81
Expiration 11-01-2038
Tenant Type Fast Casual/Rest.
NOI $297,563
R. Term 13.10
Ownership Fee Simple
Rent/SF $60.36
Increases 10.0%/5/yrs
Pop 5Mi 29,645
Lot/AC 2.80
Options 13/5yrs/10%
AHHI 5Mi $80,412

Lease Highlights

  • Brand new 2023 construction | Slated to open in November
  • The tenant, Chick-fil-A, Inc. recently signed a brand-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 period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

This newly constructed Chick-fil-A is strategically located at the signalized, hard corner intersection of E. Mercy Drive and Goliad Street which serves over 18,000 vehicles per day. The site benefits from nearby access to U.S. Highway 87 (14,900 VPD) and Interstate 20 (10,200 VPD), making this an ideal centralized location with easy commutes. Moreover, it is adjacent to a Walmart Supercenter...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A
  • # 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 : 1,087 14,531 25,125
2023 Total Population : 1,119 14,915 25,711
2023 Employed Civilian Pop : 594 6,798 10,733
2023 Total Businesses : 35 692 969
2023 Average Household Income : $ 95,112 $ 79,158 $ 79,853
2023 Total Consumer Spending : $ 33 M $ 402 M $ 674 M
2023 Median Age : 34 38 38
2023 Total Households : 401 5,772 9,562
2023 Pop Age 25+: Bachelor's Degree : 110 1,088 1,800
2023 Average Home Value : $ 153,409 $ 148,381 $ 160,692
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North FM 700 I- 20 Sr N 2021 2,532 0.19 mi
Jesse Rd 2021 1,820 0.37 mi
Arnett Rd 2021 24,196 0.37 mi
Jesse Rd 2021 1,300 0.39 mi
East FM 700 E 11th Pl 2021 7,250 0.48 mi
Co Rd 700 W 2021 650 0.70 mi
Co Rd 700 W 2021 25,617 0.71 mi
E Marcy Dr 2021 700 0.71 mi
East 3rd Street Cir Dr 2019 8,333 1.16 mi
East 3rd Street Johnson St 2021 3,945 1.19 mi

Listing Broker

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