About This Restaurant
Investment Highlights
High-Quality Corporate Ground Leased Chick-Fil-A
Executive Summary
* Brand New Chick-fil-A Ground Lease ? Chick-fil-A remains one of the most sought after STNL investments in today?s market with a very limited supply of new Chick-fil-A?s available to purchase * Chick-fil-A is one of America?s largest and most popular fast-food chains. Chick-fil-A offers its famous chicken sandwiches across 47 states, Canada and Puerto Rico at over 2,600 locations * New, Long-Term Lease ? Chick-fil-A signed a brand new 15-year lease providing extreme long-term cash flow security * Dominant Retail Destination ? Located within the larger Slatten Ranch Shopping Center (1,279,185 SF), the region?s predominant shopping destination anchored by Target, Hobby Lobby, Barnes & Noble, Beverages and More, Dollar Tree, PetSmart, and more providing a strong local and regional draw to the center * High Visibility, High Traffic Location ? Chick-fil-A is located on the heavily traveled Lone Tree Way (over ?31,800 cars per day). The property enjoys excellent line of sight visibility and immediate access from SR 4, connecting Antioch to the greater San Francisco Bay Area (over ?77,900 cars per day) * Convenient Double Drive-Thru and Abundant Parking ? Easily accessible double drive-thru as well as, convenient and abundant parking creates a meaningful amenity for customers * Corporate Guaranteed, National Credit NNN Ground Lease ? Passive ?Coupon Clipper? single-tenant investment that is operated by the well-known international brand Chick-fil-A. The ground lease nature of the site results in no landlord responsibilities ? perfect for passive and out of town investors
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant
- Building Size 4,594
- Building Class B
- Year Built 2023
- Price 8,246,000
- Price Per SF 1,795
- Cap Rate 4.25
- NOI 350,459
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.33 AC
Amenities
- Freeway Visibility
- Pylon Sign
Nearby Amenities & Transportation
Retail | Starbucks | ||
Retail | The Habit Burger Grill | ||
Retail | Jenny Craig | ||
Retail | Panda Express | ||
Retail | Chili's | ||
Retail | 24 Hour Fitness | ||
Retail | Chase | ||
Retail | Buffalo Wild Wings | ||
Retail | Wingstop | ||
Retail | Bank of America |
Date Created: | 2024-07-16 04:09:25 | Last Updated: | 2024-07-16 04:09:25 |
Address: | 5705 Lone Tree Way , Antioch, California, 94531 |