About This Restaurant
Investment Highlights
Brand New 15-Year Lease | Corporate Signed | Scheduled Rental Increases Walmart Anchored Center (244,000 SF) | Drive-Thru Equipped |Fast Food Hot Spot | Primary Retail Corridor Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities 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 leased, drive-thru equipped Chick-fil-A investment property located in Penitas, Texas. The tenant, Chick-fil-A, Inc recently signed a brand new 15 year lease with 13 (5-year) options to extend, demonstrating their 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 an out of state investor.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
- Building Size 5,174
- Year Built 2023
- Price 6,260,000
- Price Per SF 1,210
- Cap Rate 4.40
- NOI 275,447
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.68 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Restaurant
- Signage
- Drive Thru
| Date Created: | 2024-07-16 04:23:43 | Last Updated: | 2024-07-16 04:23:43 |
| Address: | NEC of Highway 83 & Liberty Boulevard , Penitas, Texas, 78576 | ||