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Views: 62 DOM: 78 Updated: 07.25.24 Posted: 06.22.24 Status: Active

Summary

Price $4,988,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,000
Lease Start 08-01-2024
#Units 3,059
Price/SF $997.60
Expiration 07-31-2039
Tenant Type Fast Food/QSR
NOI $199,500
R. Term 14.11
Ownership Ground Lease
Rent/SF $39.90
Increases 8.0%/5/yrs
Pop 5Mi 106,381
Lot/AC 2.55
Options 10/5yrs/8%
AHHI 5Mi $116,918

Lease Highlights

  • Brand-new 2024 construction
  • New 15-year ground lease with 10 (5-year) options to extend
  • The lease features 8% 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 near the signalized, hard corner intersection of State Highway 46 and International Parkway, with access to a substantial combined daily traffic count of 48,800 vehicles. The property benefits from nearby access to Interstate 4 (131,000 VPD) and is ideally situated within a dense trade area, in proximity to Towne Center Plaza, Gateway Plaza, Seminole Towne...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A
  • # 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 name...


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Listing Broker

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