Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs 1161 U.S.

Investment Highlights

Brand New 15-Year Lease | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed Located Along U.S. Highway 290 (45,600 VPD) | Excellent Visibility & Access Dense, Regional Retail Corridor | Hospitality Cluster | Strong National/Credit Tenant Presence Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax-Free State Newly-Constructed QSR | December 2023 Grand Opening | ?Mobile Thru? Equipped Direct Consumer Base | Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, drive-thru equipped, Chick-fil-A investment property located in Brenham, 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, 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 December 2023, the site will feature brand new construction, a modern design, and first-class amenities. Lastly, the property will be equipped with a ?Mobile Thru? lane, a new concept / initiative from Chick-fil-A that adds an additional lane solely for customers who place their order ahead via the Chick-fil-A app. This feature will optimize the experience for customers and make processes more efficient for the restaurant.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
• Building Size    4,930
• Building Class    B
• Year Built    2023
• Price    6,304,000
• Price Per SF    1,279
• Cap Rate    4.40
• NOI    277,384
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    1.80 AC

• Freeway Visibility
• Restaurant
• Signage
• Drive Thru