Listed by Real Capital Investments
$5,910,210
Chick-fil-A
Details
APN 0103786000A
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,997
Units 1
Cap Rate 4.75%
NOI $280,735
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 12/31/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options Thirteen (13) Additional (5-Year) Options to Renew
Price per SqFt $1,183
Broker Co-Op Yes
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 1.880
Zoning Commercial
Parking Spaces 76 spaces
Parking Per SqFt 15.21
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2023
Occupancy Date 12/01/2023
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Chick-fil-A | Land and Building | Double Drive-Thru on 1.88 Acres
Investment highlights
- 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Thirteen (5-Year) Options to Renew
- 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease by Chick-fil-A, Inc. – a Best in Class Tenant with Over $18.8 Billion in Annual Revenue and 3,000+ Locations in 48 States – Chick-fil-A is the Industry Leader in Average Unit Volume with Over $8.7 Million in Sales Per Location in Their Freestanding Stores, Representing More Than Twice As Much within Their Category as 2nd Place Panera Bread
- New Construction, Pride of Ownership Asset Featuring Chick-fil-A’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
- Intrinsic Value Asset – Large Format Restaurant at 4,997 Square Feet Situated on a Massive 1.88-Acre Parcel
- Features a Double-Thru Bay with a 34 Car Stack, 76 Parking Spaces & 116 Total Seats – Providing Chick-fil-A with the Ability to Handle Extremely High Restaurant Volume
- High Traffic Location with Excellent Interstate Visibility – Over 24,000 Vehicles Per Day on E. Landry St (US-190) with an Additional 64,504 Vehicles Per Day on Interstate-49
- Strong Demographics – More Than 28,000 Residents with an Average Household Income Exceeding $62,000 within a 5-Mile Radius of the Property
- Over 1.32 Million Square Feet of Industrial & Office Space and 1.02 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 1,100 Businesses & 10,500 Employees
- Located in the Strongest Retail Corridor in Opelousas – Surrounded by Many National Retailers Including Lowes, RaceTrac, Walmart, McDonald’s, CVS Pharmacy, Wendy’s & Many Others
- Strategically Positioned Across from a Lowe’s Home Improvement Store That Has Seen More Than 511,000 Visits During the Last Calendar Year
- Approximately 1.1 Miles from the 197 Bed Opelousas General Health System Hospital – Main Campus with Over $627 Million in Total Patient Revenue in 2022 and a Staff of More Than 1,100 Healthcare Professionals, Making it the City’s 2nd Largest Employer
Listing Contacts
Listed by Real Capital Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,735.00
$23,394.58/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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