loader
Join Free
Views: 50 DOM: 39 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 15.4
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...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity