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Views: 66 DOM: 72 Updated: 11.19.24 Posted: 10.15.24 Status: Active

Summary

Price $3,733,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,702
Lease Start 03-19-2025
#Units 3,059
Price/SF $1,381.57
Expiration 03-31-2040
Tenant Type Fast Casual/Rest.
NOI $140,000
R. Term 15.3
Ownership Ground Lease
Rent/SF $51.81
Increases 10.0%/5/yrs
Pop 5Mi 255,682
Lot/AC 1.21
Options 6/5yrs/10%
AHHI 5Mi $103,214

Lease Highlights

  • Brand new drive-thru only prototype featuring double drive-thru component and outdoor seating area
  • New 15-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on E Parmer Lane, with access to 27,950 vehicles passing by daily. The property is situated just 1 mile from the Samsung Austin Semiconductor Plant, which employs over 3,000 people and accommodates 1,500 daily consultants. Nearby, the East Village, a 425-acre mixed-use development, is under construction and will feature 2,400 multi-family units, 466...

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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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