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Views: 94 DOM: 159 Updated: 10.18.24 Posted: 07.15.24 Status: Active

Summary

Price $5,500,000
Built/Renov 2025
Tenant Chick-fil-A (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,702
Lease Start 12-01-2024
#Units 3,059
Price/SF $2,035.53
Expiration 11-30-2044
Tenant Type Fast Casual/Rest.
NOI $220,000
R. Term 19.11
Ownership Ground Lease
Rent/SF $81.42
Increases 10.0%/5/yrs
Pop 5Mi 211,797
Lot/AC 1.15
Options 8/5yrs/10%
AHHI 5Mi $109,223

Lease Highlights

  • Brand-new 2025 construction
  • New 20-year ground lease with 8 (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 Saw Mill Road (CT Route 162), with access to 26,300 vehicles passing by daily. The property is conveniently positioned directly in front of Interstate 95’s exit 42 on-off ramp. Additionally, it is within proximity to several area public and private schools, including Notre Dame and West Haven High Schools, Yale University West Campus, the University of...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,707 82,563 215,138
2024 Total Population : 12,901 83,672 214,561
2024 Employed Civilian Pop : 6,737 42,142 108,386
2024 Total Businesses : 506 3,324 10,146
2024 Average Household Income : $ 90,939 $ 105,200 $ 109,529
2024 Total Consumer Spending : $ 410 M $ 2922 M $ 8078 M
2024 Median Age : 39 38 35
2024 Total Households : 5,120 31,639 83,939
2024 Pop Age 25+: Bachelor's Degree : 1,216 9,558 28,509
2024 Average Home Value : $ 305,042 $ 354,820 $ 402,869
*ESRI data is presented for informational purposes only

Listing Broker

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