Chick-fil-A | New 15yr Corp Abs NNN | DrThru 502 E FM 700

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Options to Extend Strong National/Credit Tenants | Dense Retail Corridor |Adjacent to Walmart Anchored Center | Dense Retail Corridor Strong Demographics in 5-mile Trade Area Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax Free State Signalized, Hard Corner Intersection | Nov. 2023 Grand Opening | Brand New Construction | Drive-Thru Equipped

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate signed, drive-thru equipped, absolute NNN, Chick-fil-A investment property located in Big Spring, Texas. The tenant, Chick-fil-A, Inc. recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in November of 2023, the site will feature brand new construction, a modern design, and first-class amenities.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    4,930
• Year Built    2023
• Price    6,763,000
• Price Per SF    1,372
• Cap Rate    4.40
• NOI    297,563
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    2.80 AC

• Corner Lot
• Freeway Visibility
• Signage
• Signalized Intersection
• Drive Thru