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Views: 29 DOM: 35 Updated: 10.16.24 Posted: 09.21.24 Status: Active

Summary

Price $1,882,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,812
Lease Start 02-20-2025
#Units 3,059
Price/SF $323.81
Expiration 02-19-2040
Tenant Type Fast Casual/Rest.
NOI $80,000
R. Term 15.3
Ownership Ground Lease
Rent/SF $13.76
Increases 7.5%/5/yrs
Pop 5Mi 48,580
Lot/AC 1.73
Options 12/5yrs/7.5%
AHHI 5Mi $90,176

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 12 (5-year) options to extend
  • The lease features 7.5% 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 at the signalized, hard corner intersection of Pipestone Road and South Crystal Avenue, with access to a combined daily traffic count of 9,300 vehicles. The property benefits from nearby access to Interstate 94, which sees 56,700 VPD, providing a centralized location for easy commutes. Additionally, it is ideally situated within a dense retail trade area...

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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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Listing Broker

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