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Views: 161 DOM: 620 Updated: 08.06.24 Posted: 03.24.23 Status: Active

Summary

Price $6,378,000
Built/Renov 2022
Tenant Chick-fil-A
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,000
Lease Start 05-01-2023
#Units 2,806
Price/SF $1,275.60
Expiration 04-30-2038
Tenant Type Fast Casual/Rest.
NOI $287,000
R. Term 13.5
Ownership Fee Simple
Rent/SF $57.40
Increases 10.0%/5/yrs
Pop 5Mi 18,570
Lot/AC 1.47
Options 13/5yrs/10%
AHHI 5Mi $79,106

Lease Highlights

  • New 2022 construction
  • Brand-new 15-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years and at the beginning of each option period
  • Absolute NNN lease presents zero landlord responsibilities
  • Corporate guarantee by Chick-fil-A Inc.

Location Description

This newly constructed Chick-fil-A is located near the signalized, hard corner intersection of Highway 79 and South Evenside Street with a combined 17,700 vehicles passing by daily. US-79, is a major retail thoroughfare serving the city of Henderson. The asset is complete with a drive-thru, providing ease and convenience for customers. The property is located across the street from Henderson...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:2,806
  • 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,...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Highway 79 Alberta Ave 2021 11,315 0.05 mi
Hwy 79 Jacksonville Dr 2020 11,308 0.05 mi
Jacksonville Drive St Paul St 2021 2,038 0.06 mi
Jacksonville Drive Hwy 79 2020 2,012 0.06 mi
Bellaire Dr S Evenside Ave 2013 85 0.09 mi
S Evenside Ave Jacksonville Dr 2013 3,499 0.09 mi
Jacksonville Dr S Evenside Ave 2013 1,245 0.29 mi
US Hwy 79 St Paul St 2014 13,225 0.30 mi
Jonell St Margaret Ave 2013 31 0.35 mi
S Evenside Ave Westwood Dr 2013 3,709 0.35 mi

Listing Broker

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