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2018 Forest Ave
Chico, CA 95928
Chick-fil-A | New 15yr Abs NNN w/ Incrs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | 2026 Construction | National QSR Tenant
- Destination Retail Node off State Highway 99 (79K+ VPD)
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, drive-thru equipped, Chick-fil-A investment property located in Chico, California. The tenant, Chick-fil-A, Inc., recently signed a brand new 15 year lease with 3 (5-year) and 1 (4-year and 11-months) 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 is a premier fast-food brand with 3,350+ locations across the country.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,667 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,625,000
Price Per SF
$1,205.27
Cap Rate
4%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.68 AC
Zoning
CR - Regional Commercial
Parking
94 Spaces (20.14 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 002-370-068-000 | Improvements Assessment | $0 |
| Land Assessment | $2,369,653 | Total Assessment | $2,369,653 |
PROPERTY TAXES
Parcel Number
002-370-068-000
Land Assessment
$2,369,653
Improvements Assessment
$0
Total Assessment
$2,369,653
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