15 Year Absolute NNN Chick-fil-A Ground Lease | 1139 W Broadway Rd
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15 Year Absolute NNN Chick-fil-A Ground Lease 1139 W Broadway Rd
4,987 SF Retail Building Tempe, AZ 85282 $4,000,000 ($802/SF) 3.75% Cap Rate
Investment Highlights
- Absolute NNN Ground Lease
- Strong Corporate Guaranty
- Extremely low rent compared to most Chick-Fil-A’s
- Long Term 15 Year Primary Lease
- New double drive-thru prototype with dual menu boards
- New Chick-fil-A format with multiple curbside delivery takeout and mobile-order options (a first in Arizona)
Executive Summary
INVESTMENT HIGHLIGHTS
• Absolute NNN Ground Lease
• Long Term 15 Year Primary Lease
• Strong Corporate Guaranty
• New double drive-thru prototype with dual menu boards
• Extremely low rent compared to most Chick-Fil-A’s
• Chick-fil-A opening for business in early December 2024
TENANT HIGHLIGHTS
• Chick-fil-A generated $21.58 billion in sales in 2023
• Chick-fil-A's average revenue is by far the highest of any fastfood chain in America
• The average Chick-fil-A drive thru generates over $9 million in revenues per year
• ±3,000 locations in 48 states
• www.chick-fil-a.com
LOCATION HIGHLIGHTS
• New Chick-fil-A format with multiple curbside delivery takeout and mobile-order options (a first in Arizona)
• Less than 1.5 miles from Arizona State University (+54,144 On Campus Students)
• Frontage on major arterial, Broadway Rd (±37,034 VPD)
• Densely populated trade area with ±313,850 residents in a 5 mile radius
• 1 mile from Tempe Diablo Stadium, home of the Los Angeles Angels Spring Training
• Absolute NNN Ground Lease
• Long Term 15 Year Primary Lease
• Strong Corporate Guaranty
• New double drive-thru prototype with dual menu boards
• Extremely low rent compared to most Chick-Fil-A’s
• Chick-fil-A opening for business in early December 2024
TENANT HIGHLIGHTS
• Chick-fil-A generated $21.58 billion in sales in 2023
• Chick-fil-A's average revenue is by far the highest of any fastfood chain in America
• The average Chick-fil-A drive thru generates over $9 million in revenues per year
• ±3,000 locations in 48 states
• www.chick-fil-a.com
LOCATION HIGHLIGHTS
• New Chick-fil-A format with multiple curbside delivery takeout and mobile-order options (a first in Arizona)
• Less than 1.5 miles from Arizona State University (+54,144 On Campus Students)
• Frontage on major arterial, Broadway Rd (±37,034 VPD)
• Densely populated trade area with ±313,850 residents in a 5 mile radius
• 1 mile from Tempe Diablo Stadium, home of the Los Angeles Angels Spring Training
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,987 SF
Building Class
B
Year Built
2024
Price
$4,000,000
Price Per SF
$802
Cap Rate
3.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.33 AC
Opportunity Zone
Yes
Zoning
I-1
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Chick-fil-A
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Chick-fil-A | - | - | - | - |
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 123-35-001C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $182,383 |
PROPERTY TAXES
Parcel Number
123-35-001C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$182,383
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15 Year Absolute NNN Chick-fil-A Ground Lease | 1139 W Broadway Rd
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