Investment Highlights
Brand New 15 Yr. Absolute NNN Ground Lease by Chick fil A Inc. ? Plus 10/5 Yr. Options - Opens Soon!
Generational Opportunity to Purchase Iconic American Brand! - Irreplaceable Dense Infill Trade Area
High Net Worth Coastal Suburb of Tampa Bay - Major Business Hub of Florida - Huge Population Growth
High Profile Hard Corner along Hwy 60 (83,500 CPD) - Surrounded by Major Retailers/Brandon H.S.
2024 Double Drivethru Prototype - 10% Rent Bumps every 5 Yrs. - Zero LL Duties - Strong Guarantee
Surrounded by Target/Walmart/Publix and near Brandon Mall - Just off Interstate 75 (Main Corridor)
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a Chick-fil-A corporate ground lease in the Tampa, FL MSA. The new long term absolute NNN ground lease has a 15-year primary term with ten 5-year option periods, 10% rent increases every 5 years and no landlord responsibilities, providing inflation resistant income for years to come.The 2,656 SF quick service restaurant with double drive-thru?s on a 1.21-acre parcel is strategically positioned on the hard corner signalized intersection of S Hilltop Road and W Brandon Boulevard, which sees over 83,500 VPD, and is only 1.5 miles away from Interstate 75 (143,000 VPD). The subject property is within close proximity of numerous retail attractions including the Brandon Mall (1.1M SF super regional mall), Regency Square, Lake Brandon Village, Lake Brandon Plaza and Brandon Centre South with major retailers including Walmart Supercenter, Sam?s Club, Costco, Target, Lowe?s Home Improvement, Walgreens, McDonald?s, Starbucks, Wendy?s, Taco Bell and countless others.Brandon, a popular suburb of Tampa, which has an MSA population exceeding 3.3 million, is only 11 miles from downtown. This is an excellent opportunity to own a corporate Chick-fil-A with a 15-year ground lease, 50 years in option periods, rent increases every 5 years, and no landlord responsibilities providing passive, worry free cash flows for years to come.
