Listed by Alrig USA
$3,888,888
Chick-fil-A
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,978
Cap Rate 4.50%
NOI $175,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2041
Remaining Term 15
Rent Bumps Yes
Lease Options Twelve 5-Year Options
Year Built 2026
Acreage 2.430
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/19/2026
Ground Lease Yes
Retail | 4.50% CAP | 4,978 SqFt
Marketing description
This offering presents an exceptional investment opportunity to acquire a brand new 2026 Chick-fil-A ground lease property in Orion Township, Michigan. The property features a 15-year absolute NNN ground lease with zero landlord responsibilities, corporate guarantee, and 7.5% rent increases every five years including all option periods. The free-standing restaurant is strategically located on Baldwin Road adjacent to Great Lakes Crossing Outlets, Michigan's largest outlet shopping mall with over 15 million visitors per year, and directly off I-75 which sees over 82,000 cars per day.
Investment highlights
- 100% Occupied by Free Standing Chick-Fil-A
- 15-Year Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Corporate Guaranteed Lease | 3,000+ Locations
- Brand New 2026 Prototype Construction
- Store Opening in October of 2026
- Part of a Larger Residential and Retail Development on The Surrounding Property
- Adjacent to Great Lakes Crossing Outlets - Michigan's Largest Outlet Shopping Mall | Over 15 Million Visitors Per Year
- Located Directly Off I-75 Which Sees Over 82,000+ Cars Per Day
- Densely Populated Trade Area With Over 124,500+ Residents Within 5 Miles
- Average Household Income of Over $134,247 In The Immediate Trade Area
- High Visibility, Located on Baldwin Road Which Serves over 23,370+ Vehicles Per Day
- Surrounding National Retailers Include; Great Lakes Crossing Outlets, Costco, Menard's, Target, Meijer, Sam's Club, Aldi, TJ Maxx, Dick's Sporting Goods, Ulta, Starbucks, Five Below, Panera Bread, Old Navy, McDonald's, Sherwin Williams and Many More...
Listing Contacts
Listed by Alrig USA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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