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Views: 49 DOM: 70 Updated: 10.23.24 Posted: 10.12.24 Status: Active

Summary

Price $7,955,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,594
Lease Start 04-02-2024
#Units 3,059
Price/SF $1,731.61
Expiration 04-30-2039
Tenant Type Fast Casual/Rest.
NOI $350,000
R. Term 14.4
Ownership Ground Lease
Rent/SF $76.19
Increases 10.0%/5/yrs
Pop 5Mi 204,271
Lot/AC 1.33
Options 6/5yrs/10%
AHHI 5Mi $155,830

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease term with 6 (5-year) options to extend
  • The lease features 10% 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 at the signalized, hard corner intersection of Lone Tree Way and State Highway 4, with access to a combined daily traffic count of 42,000 vehicles. The property offers direct access via on/off ramps from State Highway 4 (74,600 VPD). It serves as an outparcel to Slatten Ranch Shopping Center, home to national tenants such as Target, Best Buy, and Starbucks,...

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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 name...


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