Chick-fil-A | New 15yr Corp Grd Abs NNN SWC. State Road 46 & High Water Lane

Investment Highlights

Brand New 15-Year Ground Lease | Scheduled Rental Increases | Corporate Signed | New 2024 Construction | Established Brand Strong Demographics in 5-Mile Trade Area | Affluent Community Located Along State Highway 46 | Centralized Location |Dense Trade Area | Direct Residential Consumer Base

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, drive-thru equipped, corporate signed, Chick-fil-A investment property located in Sanford, FL (Orlando MSA). The tenant recently signed a brand new 15-year lease with 10 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making this an ideal, management- free investment opportunity for a passive investor. The property, which is scheduled to open in Q4 2024, features a state-of-the-art design using the highest-grade materials available. Founded in 1967, Chick-fil-A is among the leading quick service chains with over 2,700 operating restaurants.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    5,000
• Year Built    2024
• Construction Status    Under Construction
• Price    4,988,000
• Price Per SF    998
• Cap Rate    4
• NOI    199,500
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    2.55 AC

• Freeway Visibility
• Restaurant
• Signage
• Drive Thru