Chick-fil-A

The Offering provides the opportunity to purchase one of the most sought-after credit tenants in the affluent suburb of Lake Oswego, Oregon.​ Chick-fil-A operates on a brand new 15-year Ground Lease, backfilling the former Stanford’s restaurant, and is located directly off Kruse Way and near the I-5 interchange, the first signalized hard corner at entry to the Lake Oswego market.​

The Kruse Way submarket is unequaled in many respects with extremely high average household incomes of $180k and an office submarket with the highest rents in the state.​ The combination of high-income residents plus the large daytime population and centrality within the larger metro area make this a rare opportunity to acquire a landmark asset.​ Please follow this link for more information: https://hubs.​la/Q02S5dGm0

• ​

  Brand New Absolute Net 15-year Ground Lease

• ​

  10% rent increases every 5 years including at the start of all 6, 5-year options to extend the term.

• ​

  Chick-fil-A is investing substantial capital into a full interior and exterior upgrade of the former Stanford’s restaurant building, with an expected Grand Opening to occur in Q1 2025.

• ​

  This location has a larger-than-average store footprint with a high parking ratio to accommodate strong in-store traffic, as drive-thrus are strictly prohibited along Kruse Way.

• ​

  Chick-fil-A is among the largest restaurant chains in the country with an impeccable reputation, generating $21.6 billion in sales in 2023 at over 3,000 locations.

• ​

  Lake Oswego is one of Oregon’s most affluent neighborhoods, with average household incomes of $180,000, nearly 53% higher than the city of Portland.

• ​

  Retail in the Lake Oswego/Kruse Way submarket area boasts an extremely low vacancy rate of 1.6%, lower than the trailing three-year average of 2.3% and Portland’s market average of 3.7%.

• ​

  Ideal location with frontage on Kruse Way and in close proximity to I-5, with no competing fast food along Kruse Way or directly off the I-5 exit.

• ​

  Strong daytime population provides an additional 20k daytime workers in the immediate trade area with an office submarket of over 2.8 million SF.