Listed by Marcus & Millichap - Orange County
$10,333,000
Chick-fil-A: Rare Triple Drive-Thru Location
Details
APN 1248690010002
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,700
Cap Rate 4.50%
NOI $465,000
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 07/30/2040
Rent Bumps Yes
Lease Options Ten, Five-Year @ 10%
Year Built 2025
Acreage 1.380
Investment Type Net Lease
Lease Commencement 04/01/2025
Ground Lease Yes
Brand New Construction, 15-Year Ground Lease
Marketing description
Strong Corporate Guarantee
- Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Chick-fil-A Annual Sales Revenue in 2024 was $22.7 Billion
- Chick-fil-A is Ranked as the #1 Performing Chicken Restaurant in the Country
- Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
Investment highlights
- Brand New Prototype Chick-fil-A with Rare 3-Lane Drive-Thru
- Brand New Construction, 15-Year Ground Lease
- Located on the Corner of Two Signalized Intersections and Surrounded by Three Streets
Prime Retail Location
- A True Trophy-Level Property Located Only 2 Miles from Downtown Houston
- Located One Block Away from Walmart and H-E-B
- Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Target, Sprouts, The Home Depot, Kroger, PetSmart and Many More
- Affluent Area with the Average Household Income Exceeding $151,000 Within 1 Mile
- Extremely High Density with Over 204,000 Residents Within 3 Miles
- High Employment Area with a Daytime Population Exceeding 1,000,000 Within 5 Miles
Listing Contacts
Listed by Marcus & Millichap - Orange County
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$465,000.00
$38,750.00/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
