2490 North Morton Street, Franklin, IN 46131

Lee & Associates is pleased to exclusively offer for sale a brand new Chick-fil-A ground lease located in Franklin, Indiana, within the rapidly expanding south Indianapolis corridor. The property consists of a newly constructed 5,512 square foot standalone quick-service restaurant situated on approximately 1.54 acres at the signalized hard corner intersection of N Morton Street and Commerce Drive. The site features Chick-fil-A’s next-generation double-stack drive-thru prototype with 61 parking spaces and a 345 square foot outdoor patio. Strategically positioned adjacent to a Meijer-anchored retail center and surrounded by national retailers including Walmart Supercenter, Lowe’s, Kroger, Kohl’s, Starbucks, Chipotle, Freddy’s, and McAlister’s Deli, the property benefits from exceptional visibility and strong consumer traffic exceeding 34,500 vehicles per day.

The property is secured by a brand new 15-year absolute NNN ground lease corporately backed by Chick-fil-A, one of the nation’s premier quick-service restaurant operators with more than 3,000 locations nationwide and over $10 billion in annual revenue. The lease features zero landlord responsibilities and attractive 10% rental increases every five years throughout the primary term and option periods, providing investors with long-term income growth and inflation protection. Chick-fil-A strategically relocated and upgraded this location to a larger next-generation prototype, demonstrating the company’s long-term commitment to the Franklin trade area and positioning the asset for sustained operational performance.

Franklin continues to experience significant residential and commercial growth as part of the expanding Indianapolis MSA, located approximately 24 miles south of downtown Indianapolis with convenient access to Interstate 65. More than 45,000 residents and nearly 17,000 households reside within a five-mile radius of the property, with average household incomes exceeding $106,000 annually. The surrounding trade area continues to benefit from strong residential development, industrial expansion, and new multifamily projects including The Post luxury apartment community located less than one mile from the subject property. As one of the Midwest’s premier logistics and employment hubs, the Indianapolis metropolitan area supports long-term economic growth and continued consumer demand throughout Johnson County.