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1655 Boston Rd
Springfield, MA 01129
Chick-Fil-A · Retail Property For Sale
Investment Highlights
- Corporate-guaranteed 15-year lease with Chick-fil-A, one of the most sought-after QSR chains with over 3,400 units and $24B in sales
- Eight five-year renewal options extending potential income stream through 2080 with 10% rent escalations every five years
- Brand new 2025 construction minimizes exposure to near-term capital expenses
- Absolute NNN ground lease eliminates all landlord obligations including maintenance, insurance, and capital expenditures
- Exceptionally rare corporate Chick-fil-A ground lease offering in Massachusetts with limited competition and strong buyer demand
- Strategic location along Boston Road generating 17,200 vehicles per day in Springfield's established retail corridor
Executive Summary
Rare corporate-guaranteed Chick-fil-A ground lease in Massachusetts with 15-year term, 8 five-year renewal options extending through 2080, and 10% rent escalations every 5 years. New 2025 construction on 1.75 acres along Boston Road with 17,200 VPD. Absolute NNN structure eliminates all landlord responsibilities. Part of Springfield Crossing, the largest new construction shopping center in New England since 2008.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
5,244 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$4,447,000
Price Per SF
$848.02
Cap Rate
4.25%
NOI
$189,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.75 AC
Zoning
SB1R2 - Commercial
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | SPRI-001655-000000-000405 | Improvements Assessment | $0 |
| Land Assessment | $4,170,400 | Total Assessment | $4,170,400 |
Property Taxes
Parcel Number
SPRI-001655-000000-000405
Land Assessment
$4,170,400
Improvements Assessment
$0
Total Assessment
$4,170,400
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