Chick-fil-A (GL)

3502 West Camp Wisdom Road, Dallas, TX 75237

$3,735,000

Cap Rate 4.15%

Views: 174 DOM: 242 Updated: 08.06.24 Posted: 04.23.24 Status: Active

Summary

Price $3,735,000	Built/Renov 2023	Tenant Chick-fil-A (GL)
Cap Rate 4.15%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,680	Lease Start 10-01-2023	#Units 2,982
Price/SF $798.08	Expiration 10-31-2038	Tenant Type Fast Casual/Rest.
NOI $155,000	R. Term 13.10	Ownership Ground Lease
Rent/SF $33.12	Increases 10.0%/5/yrs	Pop 5Mi 253,210
Lot/AC 1.53	Options 10/5yrs/10%	AHHI 5Mi $72,116

Lease Highlights

Brand new 2023 construction
Chick-fil-A has 14+ years remaining on the current ground lease term with 10 (5-year) options to extend
The lease features 10% 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 S Westmoreland Rd and W Camp Wisdom Rd, a major retail thoroughfare, with access to a combined daily traffic count of 42,100 vehicles. Positioned as an outparcel to The Shops at RedBird, the property shares space with tenants such as Burlington, Hibbett Sports, Champs Sports, and UT Southwestern Medical...

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Key Features

New construction
Signalized intersection
Shopping Ctr out-parcel
Dense 200M+ pop 5 mi
Top 100 MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Dallas, Texas Zip Code 75237 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chick-fil-A
Guarantor:Corporate
Company:Chick-fil-A Inc.
# Units:2,982
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 :	16,918	91,855	252,954
2023 Total Population :	17,071	91,972	253,210
2023 Employed Civilian Pop :	8,623	42,160	116,350
2023 Total Businesses :	524	3,114	6,424
2023 Average Household Income :	$ 45,066	$ 65,798	$ 72,116
2023 Total Consumer Spending :	$ 295 M	$ 1920 M	$ 5417 M
2023 Median Age :	31	35	34
2023 Total Households :	7,384	33,357	85,809
2023 Pop Age 25+: Bachelor's Degree :	1,123	7,993	23,145
2023 Average Home Value :	$ 231,273	$ 257,043	$ 256,937

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Boulder Dr	W Camp Wisdom Rd	2009	2,530	0.19 mi
W Camp Wisdom Rd	Red Bird Center	2008	17,761	0.20 mi
S Westmoreland Rd	W Camp Wisdom Rd	2009	13,000	0.26 mi
W Camp Wisdom Rd	Marvin D Love Fwy	2004	2,820	0.31 mi
S G Alexander Fwy	W Camp Wisdom Rd	2004	10,690	0.32 mi
S Westmoreland Rd	Investor Dr	2009	14,580	0.35 mi
Marvin D Love Fwy	Cliff Creek Crossing Dr	2009	100,210	0.36 mi
S G Alexander Fwy	I- 20	2004	3,391	0.37 mi
Marvin D Love Fwy	Red Bird Mall	2004	10,690	0.38 mi
Boulder Dr	Zelma Ave	2009	2,090	0.38 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46272 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
50693 Views
165 Sold

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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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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