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Brand New Chick-Fil-A | 15-Yr. Ground Lease 4323 Goodman Rd

5,332 SF Retail Building Horn Lake, MS 38637 $3,636,000 ($682/SF) 4.40% Cap Rate

Investment Highlights

  • BRAND NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
  • 126,437 RESIDENTS IN 5-MILE RADIUS WITH $83,760 AVERAGE HOUSEHOLD INCOME
  • EXCELLENT ACCESS AND VISIBILITY TO 34,300 CARS PER DAY

Executive Summary

• 13 Miles to FedEx World Hub – 11,000 employees and 163 aircraft gates
• Located Across from Walmart Supercenter – rapidly growing retail trade area with Kroger, McDonald’s, Aldi and Walgreens
• Minutes to I-55 with 68,000 VPD – direct access to Memphis and national tenants including Target, Home Depot, Lowe’s and Best Buy
• 18 Miles to Downtown Memphis – 2nd largest city in Tennessee with over 1.3 million residents
• 20 Miles to University of Memphis – 21,622 students and 2,400 employees

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,332 SF
Building Class
C
Year Built
2024
Price
$3,636,000
Price Per SF
$682
Cap Rate
4.40%
NOI
$159,984
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.82 AC
Zoning
PUD - Planned Unit Development
Parking
130 Spaces (24.38 Spaces per 1,000 SF Leased)
Frontage
395 FT on Goodman Road

Nearby Major Retailers

ALDI
Regions Bank
Waffle House
Kroger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1089320000000109
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,080
  • Listing ID: 33535710

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 4323 Goodman Rd, Horn Lake, MS 38637

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