Chick-fil-A | Lake Worth Beach, FL 6980 S Military Trl

2,656 SF Retail Building Atlantis, FL 33462 $7,438,000 ($2,800.45/SF) 4% Cap Rate

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INVESTMENT HIGHLIGHTS

New 15-year absolute NNN corporate ground lease with 10% rental increases every five years
Chick-fil-A, Inc. is the largest chicken chain in the U.S., with over 2,900 locations and $21.5B in U.S. system sales in 2023
Site features double drive-thru lanes with 38-car stacking capacity

Eight (8) option periods of five (5) years each, providing a long-term investment with one of the most recognizable quick-service restaurant brands
High-performing locations with drive-thru sales average over $8.5M per unit

EXECUTIVE SUMMARY

This Chick-fil-A is located at the highly trafficked intersection of Hypoluxo Road and Military Trail in Lake Worth, FL. The site benefits from 76,000 daily vehicle counts at this premier location, exposing the site to a high amount of traffic per day. 384 upscale, apartment units within Elan Palm Reserve are set to enhance this vibrant community. With prime outparcel opportunities, the site is ideal for national and local brands looking to expand in this booming area. Additional ground leases and build-to-suit solutions are available, perfect for drive-thrus and other business models. Lake Worth Beach is a thriving market with a dense population of 362,098 residents within a 5-mile radius. This property is backed by a high-income customer base, boasting an average annual household income of $121,054 within just a one-mile radius. Major national retailers at this intersection include Walmart, ALDI, Dollar Tree, McDonald’s, Chase Bank, Dunkin’, Chipotle, and Crunch Fitness.