Listed by Cushman & Wakefield - Sacramento, California
$12,125,000
Chick-fil-A Ground Lease | Miami MSA
Details
Property Type Retail
Sub Type QSR/Fast Food
Cap Rate 4%
NOI $485,000
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 01/30/2041
Remaining Term 15.1
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2025
Acreage 1.700
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Rent Commencement 01/14/2026
Ground Lease Yes
New 15-Year Abs NNN Ground Lease | Whole Foods Outparcel
Marketing description
15-year absolute NNN ground lease to Chick-fil-A (3,000+ locations), ensuring stable, long-term cash flow.
8% rent increases every five years across the initial term and nine (9) five-year options, providing predictable income growth.
Tenant assumes full responsibility for taxes, insurance, maintenance, roof, structure, and parking lot, offering zero landlord obligations.
Corporate-backed lease by Chick-fil-A, Inc., a top-tier quick-service restaurant brand with over $21 billion in annual systemwide sales.
Investment highlights
- Prime Retail Location: Situated at the intersection of NW 41st St (46,980 AADT) and NW 107th Ave (33,500 AADT) in Doral, the property benefits from high visibility in a bustling commercial corridor. Nearby retailers like Walmart, Home Depot, and Sedano’s ensure steady consumer traffic, while CityPlace Doral (0.5 miles) adds a vibrant lifestyle component. The site serves a 5-mile population of 291,207, with 91.7% of adults regularly visiting fast-food restaurants.
- Absolute NNN Ground Lease: The 15-year absolute NNN ground lease with Chick-fil-A, Inc. places all responsibilities—taxes, insurance, maintenance, roof, structure, and parking lot—on the tenant. Commencing in January 2026, the lease includes 8% rent increases every five years through the initial term and nine (9) five-year options, offering up to 60 years of income stability. This hands-off structure maximizes investor returns with minimal operational involvement.
- Robust Tenant Profile: Chick-fil-A, Inc., a privately held quick-service restaurant chain, operates over 3,000 locations and generates $21.3 billion in annual systemwide sales. Known for its operational excellence and customer loyalty, the brand’s corporate guarantee underpins the lease’s reliability. This investment benefits from Chick-fil-A’s strong market presence and consistent performance in high-traffic locations.
- Affluent and Growing Demographics: The five-mile radius features a population of 292,101, projected to remain stable through 2030. Within one mile, the average household income reaches $130,265, among the highest in the area, supporting frequent dining out. The area’s 2.98 average household size aligns with Chick-fil-A’s family-friendly appeal.
- New Development Synergy: Built in 2025 on a 1.70-acre parcel, the property is part of a major new development in Doral, enhancing its growth potential. The site’s design optimizes Chick-fil-A’s drive-thru and dine-in operations, catering to the area’s fast-paced demographic. Proximity to Florida International University (56,000 students) and Doral Academy Charter (3,200+ students) drives consistent customer flow.
- Strategic Connectivity: Located 0.8 miles from the West Dade Expressway (99,000 AADT) and 1.2 miles from the Homestead Extension (85,500 AADT), the site taps into Doral’s regional accessibility. The nearby Beacon Centre (one mile) and Miami International Airport (five miles) amplify economic activity, while schools and retailers ensure diverse traffic patterns. This connected location positions the property for sustained demand.
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$485,000.00
$40,416.67/mo
Valuation Metrics
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DSCR
4%
Cap Rate
4%
ROI
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