Chick-fil-A

4930 Oakdale Blvd, Marianna, FL 32448

$6,112,000

Cap Rate 4.40%

DOM: 392 Updated: 11.25.24 Posted: 04.20.24 Status: Active

Summary

Price $6,112,000	Built/Renov 2023	Tenant Chick-fil-A
Cap Rate 4.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,987	Lease Start 12-01-2024	#Units 3,059
Price/SF $1,225.59	Expiration 11-30-2039	Tenant Type Fast Casual/Rest.
NOI $268,941	R. Term 14.6	Ownership Fee Simple
Rent/SF $53.93	Increases 10.0%/5/yrs	Pop 5Mi 7,044
Lot/AC 2.16	Options 13/5yrs/10%	AHHI 5Mi $61,188

Lease Highlights

Brand new 2023 construction
Brand new 15-year lease with 13 (5-year) options to extend
The lease features 10% rental increases 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 State Highway 71, a major retail thoroughfare, with access to 19,000 vehicles passing by daily. Additionally, the property offers direct on/off ramp access to Interstate 10, a major east/west thoroughfare experiencing a traffic count of 23,500 VPD. Boasting excellent visibility, the property features significant street frontage and a large pylon sign,...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Freeway visibility
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Marianna, Florida Zip Code 32448 Broker Site Page

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Local Information

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
2028 Total Population :	565	3,420	12,020
2023 Total Population :	584	3,492	12,154
2023 Employed Civilian Pop :	282	1,513	4,521
2023 Total Businesses :	6	239	822
2023 Average Household Income :	$ 84,119	$ 84,404	$ 75,781
2023 Total Consumer Spending :	$ 17 M	$ 100 M	$ 288 M
2023 Median Age :	49	48	43
2023 Total Households :	244	1,387	4,350
2023 Pop Age 25+: Bachelor's Degree :	68	442	990
2023 Average Home Value :	$ 243,605	$ 238,115	$ 188,864

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Blue Springs Road	Metal Dr	2022	3,600	1.24 mi
Blue Springs Hwy	Chapel Ln	2005	3,400	1.61 mi
	Cile Ln	2022	7,700	1.89 mi
	Odom Dr	2022	6,200	1.99 mi
Reddoch Rd	Solitare Trl	2005	550	2.04 mi
	Owen St	2022	9,100	2.06 mi
Coachman Ln	Hwy 90	2005	10,000	2.11 mi
	Turner Rd	2022	20,300	2.20 mi
Hwy 71	Old Spanish Trl	2005	15,400	2.27 mi
Trails End Ct	Blue Springs Rd	2005	1,800	2.37 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

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420 Listings
83253 Views
206 Sold

Matthew Mousavi

SRS National Net Lease Group

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369 Listings
75690 Views
173 Sold

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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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 Nutt

SRS National Net Lease Group

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262 Listings
50429 Views
118 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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