Listed by JLL - Dallas | Cedar Springs, Texas, JLL Chicago | Americas Headquarters
$2,240,000
Chick-fil-A | Garner, NC
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,804
Cap Rate 4.25%
NOI $95,234
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 03/31/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options 5 x 5 Years
Year Built 2003
Year Renovated 2021
Acreage 1.310
Investment Type Net Lease
Ground Lease Yes
Retail | 4.25% CAP | 4,804 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the single-tenant Chick-Fil-A at 220 Shenstone Blvd, Garner, North Carolina ("Property" or "Asset"). The Property is operating on an absolute NNN ground lease with ±4.9 years of primary lease term remaining, 8.0% rent escalations every 5 years and five, five-year options. Notably, the Property has operated at this site for 23+ years and features below-market rent of $95,000 and sits on a large 1.3-acre parcel.
This unique opportunity allows investors the ability to acquire passive income from a nationally recognized tenant in a rapidly expanding commercial corridor.
Investment highlights
- ±4.9 years of primary term remaining with 23 years of successful operating history at the site
- Absolute NNN Ground Lease with zero landlord responsibilities
- Ranked in the top 8% most visited CFAs Nationwide with 1.1M visitors (placer.ai)
- Renovated in 2021 and the tenant executed a new 10-year lease at that time
- Outparcel to White Oak Crossing, a top 2% shopping center nationwide (placer.ai)
- $111K average household income within 3-mile radius
- 46% population growth within a three-mile radius
- Frontage along Shenstone Blvd and off HWY-70 with accessibility to 75,000+ VPD
- Leading Fast-Food Chain with $9.2M Average Unit Volume
- 9 miles south of downtown Raleigh, one of the fastest growing metro areas in the US
Listing Contacts
Listed by JLL - Dallas | Cedar Springs, Texas, JLL Chicago | Americas Headquarters
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,234.00
$7,936.17/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
Map
Zoning
CMX MixedMixed UseCommercial Mixed Use
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View all 96 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
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