Chick-fil-A Outparcel No. 07072510170 3200

Investment Highlights

The 1.72 acres of land is leased to the tenant for a 15-year term and the 5,109 SF building is new construction The Mason City site carries a lower rental rate than many of the other comparable Midwest and national Chick-fil-A sites The property is located within the primary commercial corridor for the city, with adjacent grocery anchors including Target, Walmart, Aldi, and Hy-Vee Chick-fil-A is the one of the fastest growing fast food chains in the country and is considered the gold standard for quick service retail Chick-fil-A?s NNN ground lease includes 10% rent escalations and leaves no responsibilities for the landlord

Executive Summary

Jones Lang LaSalle Americas, Inc. (?JLL?), is pleased to exclusively offer for sale the fee-simple interest in Chick-fil-A located on an outparcel of Fleet Farm located at 3200 4th St SW in Mason City, Iowa. The single tenant ground lease asset is 100% leased to Chick-fil-A corporate. The 5,109 SF building was constructed in 2024 and sits on 1.72 acres of land. Chick-fil-A signed a 15-year ground lease, which leaves no responsibilities for the landlord and features 10% rent escalations every five years through the option periods.Chick-fil-A is the one of the fastest growing fast food chains in the country and is considered the gold standard for quick service retail. With 3,000+ locations across 48 states and growing, Chick-fil-A is quickly expanding its footprint and solidifying its reputation as the most sought after fast food tenant in the country. As the only Chick-fil-a store within a 90-mile radius, the property will serve as the only Chick-fil-a store in the Mason City market and will also serve the dozens of nearby rural communities.Ideally situated just off of US-18 BUS, known as 4th St in the area, the property is highly visible from the arterial roadway. 4th St is the primary east-west thoroughfare in the city and connects the city to I-35. The property is an outlot to Fleet Farm and is adjacent to Target. Other traffic drivers in the immediate area include Aldi, Menards, Hy-Vee, and Walmart. The city of Mason City is a vibrant rural community and serves as the hub of commerce for the 50,000+ residents in the Mason City metro area.Please see OM for more information.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    5,109
• Year Built    2024
• Price    2,318,000
• Price Per SF    454
• Cap Rate    4.25
• NOI    98,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    1.72 AC