50 N Creasy Ln, Lafayette, IN 47905

Chick-fil-A is the third largest quick-service restaurant company in the United States, with more than 3,160 restaurants across the United States, Canada, and Puerto Rico. Chick-fil-A reports average unit sales volumes of $9.4 million.

The corporate ground lease structure is triple net (NNN), with zero landlord responsibilities.

Chick-fil-A executed a rare twenty (20) year lease that has over fourteen (14.1) years remaining, plus eight (8), five (5) year options.

Placer.ai ranks the foot traffic of this store in the top 7% of all Chick-fil-A locations nationwide.

This store is a relocation from down the street, demonstrating their commitment to the immediate area and proven operational history.

The lease provides for 10% rental increases every five (5) years.

Chick-fil-A is an outparcel to a Lowe’s and located in a dense retail corridor. Other neighboring retailers include Target, Walmart Supercenter, TJ Maxx, and Hobby Lobby, among many others.

There are 128,414 residents located in the five (5) mile demographic ring, and population is expected to grow at an annual rate of 0.78% over the next five (5) years.

The property is situated on the hard-signalized corner of N Creasy Ln and South St., which report strong combined traffic counts of 54,025 cars per day.

Chick-fil-A is located near a large industrial/office corridor, implying a built-in customer base. The Caterpillar (NYSE: CAT) Lafayette Large Engine Center is located just 0.7 miles (3 minutes) from the subject property and employs nearly 2,000 employees.

Lafayette is home to Purdue University, which enrolls over 58,000 students annually. The subject property is located 4 miles (12 minutes) from Purdue University.