Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs 5512 7th St

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 Bay City, 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. 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.