Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs | 1161 U.S.
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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs 1161 U.S.
4,930 SF Retail Building Brenham, TX 77833 $6,418,000 ($1,302/SF) 4.50% Cap Rate
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,930 SF
Building Class
B
Year Built
2023
Price
$6,418,000
Price Per SF
$1,302
Cap Rate
4.50%
NOI
$288,799
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.80 AC
Zoning
Commercial
Parking
15.01 Spaces per 1,000 SF Leased
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Chick-fil-A
- Accommodation and Food Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Chick-fil-A | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs | 1161 U.S.
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