Chick-fil-A | New 15yr Corp Abs NNN | DrThru 1609 Jefferson 4,947 SF Retail Building Mount Pleasant, TX 75455 $6,509,000 ($1,315.75/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Scheduled Rental Increases |Chick-fil-A Inc. (2,300+ Locations) | New Construction
- Jefferson Park (130,000 SF) | Interstate 30 (41,000 VPD) |Drive-Thru Equipped | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Rare Depreciable Asset
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Chick-fil-A investment property located in Mt Pleasant, Texas. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,947 SF
Year Built
2023
Price
$6,509,000
Price Per SF
$1,315.75
Cap Rate
4.75%
NOI
$309,186
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.09 AC
Zoning
C - Commercial District
Parking
17.18 Spaces per 1,000 SF Leased
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12543 | Improvements Assessment | $237,736 |
| Land Assessment | $448,380 | Total Assessment | $686,116 |
