Brand New Trophy Site- Rare 20 Yr Lease N Chick fil A 5,335 SF 4-Star Retail Building Tampa, FL 33624 $10,500,000 ($1,968.13/SF) 3.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 20 Yr. Absolute NNN Ground Lease by Chick fil A Inc.- 2025 Prototype Opening April
- Generational Opportunity to Purchase Iconic American Brand!- Best in Class QSR Tenant
- 2025 Double Drive-thru Prototype- 8% Rent Bumps Every 5 Yrs Starting in Yr 6 - Large 1.81 Acre Site- Strong Demo’s
- Irreplaceable Hard Corner across from Target/Walmart/Publix/Home Depot- Trophy Site!
- Tampa is #1 “Best Place to Live in Florida” (Forbes)- One of Fastest Growing Regions in U.S.
- Ranked #1 Fast Food Chain in the Country- 3000+ Locations & Growing- Huge Sales Volumes
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors a great opportunity to acquire a Chick-fil-A corporate ground lease in Tampa, FL. The new long-term absolute NNN ground lease has a 20-year primary term with ten 5-year option periods, 8% rent increases every 5 years during the primary term and options, and no landlord responsibilities, providing inflation-resistant income for years to come.
The 5,335 SF quick service restaurant with double drive-thru’s on 1.81-acre parcel is strategically positioned on the hard corner signalized intersections of N Dale Mabry Hwy (State Rd 597) and Ehrlich Road, which sees over 110,600 VPD. The subject property is within close proximity of numerous retail attractions including the Carrollwood Commons, North Point Plaza, Northdale Promenade, and Shoppes of Carrollwood with major retailers including The Home Depot, Walmart, Sam’s Club, Target, Whole Foods Market, Sprouts Farmers Market, Publix, McDonald’s and countless others. Additionally, Tampa International Airport (TPA), which sees over 25 million passengers annually, is only 11 miles away.
This is an excellent opportunity to own a corporate Chick-fil-A with a 20-year ground lease, 50 years in option periods, rent increases every 5 years, and no landlord responsibilities providing passive, worry free cash flows for years to come.
The 5,335 SF quick service restaurant with double drive-thru’s on 1.81-acre parcel is strategically positioned on the hard corner signalized intersections of N Dale Mabry Hwy (State Rd 597) and Ehrlich Road, which sees over 110,600 VPD. The subject property is within close proximity of numerous retail attractions including the Carrollwood Commons, North Point Plaza, Northdale Promenade, and Shoppes of Carrollwood with major retailers including The Home Depot, Walmart, Sam’s Club, Target, Whole Foods Market, Sprouts Farmers Market, Publix, McDonald’s and countless others. Additionally, Tampa International Airport (TPA), which sees over 25 million passengers annually, is only 11 miles away.
This is an excellent opportunity to own a corporate Chick-fil-A with a 20-year ground lease, 50 years in option periods, rent increases every 5 years, and no landlord responsibilities providing passive, worry free cash flows for years to come.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,335 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$10,500,000
Price Per SF
$1,968.13
Cap Rate
3.71%
NOI
$390,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.81 AC
Zoning
CG - Commercial General
Frontage
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Chick-fil-A
- Retailer
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Chick-fil-A | Retailer | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | U-04-28-18-ZZZ-000000-79650.0 | Improvements Assessment | $83,254 |
| Land Assessment | $2,042,512 | Total Assessment | $2,125,766 |
