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Chick-fil-a 1709 Fulton Rd 5,613 SF Retail Building Fultondale, AL 35068 $3,976,000 ($708.36/SF) 4.15% Cap Rate



Investment Highlights
- New 15-year absolute NNN ground lease to Chick-fil-A, the largest quick-service chicken restaurant chain in the U.S and third-largest chain overall.
- Tenant handles all taxes, insurance, and maintenance, including roof, structure, and parking lot, ideal for both out-of-area or local investors.
- Chick-fil-A’s U.S. systemwide sales grew by 5.4% in 2024, reaching $22.7 billion.
- 10% rental increases every five (5) years in initial term and option periods, ensuring consistent income growth.
- Property is a relocation to a larger site due to high-volume
- Chick-fil-A opened 132 new restaurants in 2024, bringing its total U.S. count to over 3,100 locations.
Executive Summary
This Chick-fil-A property occupies a highly visible and easily accessible location directly off Interstate 65, benefiting from strong commuter traffic of approximately 116,105 vehicles per day and convenient access to Downtown Birmingham. The site is backed by the strength of a nationally recognized tenant, with Chick-fil-A reporting U.S. systemwide sales growth of 5.4% in 2024 to $22.7 billion. The surrounding trade area features a strong demographic profile, including a population of more than 51,000 residents within five miles and average household income of $88,072, with income levels within three miles projected to increase to $102,447 by 2031. The property is positioned among a diverse mix of major national and regional retailers, including Lowe’s Home Improvement, Target, Food City, JCPenney, and Five Below, which contribute to the area's strong retail activity. An absolute NNN ground lease structure provides a passive investment opportunity by transferring responsibility for maintenance and operating expenses, including the roof, structure, and parking lot, to the tenant. Supported by projected income growth across the surrounding market, the property is well positioned to benefit from continued economic and consumer growth in the Fultondale area.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
5,613 SF
Building Class
B
Year Built
2026
Price
$3,976,000
Price Per SF
$708.36
Cap Rate
4.15%
NOI
$165,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.67 AC
Opportunity Zone
Yes
Zoning
I3
Parking
84 Spaces (14.97 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00-25-3-000-014.005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $509,120 |
Property Taxes
Parcel Number
14-00-25-3-000-014.005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$509,120
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Chick-fil-a | 1709 Fulton Rd
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