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Chick-fil-A | New 20yr Corp Ground Lease 230 N FM 1626 4,990 SF 4-Star Retail Building Buda, TX 78610 $3,750,000 ($751.50/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Ground Lease | Options To Extend | Scheduled Rental Increases | Brand New Construction
- FM 1626 (25,200 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 20-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
• The lease features 10% rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,990 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$3,750,000
Price Per SF
$751.50
Cap Rate
4%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.34 AC
Zoning
F4 - Form District 4
Parking
68 Spaces (13.63 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R167012 | Improvements Assessment | $0 |
| Land Assessment | $1,039,680 | Total Assessment | $1,039,680 |
PROPERTY TAXES
Parcel Number
R167012
Land Assessment
$1,039,680
Improvements Assessment
$0
Total Assessment
$1,039,680
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Chick-fil-A | New 20yr Corp Ground Lease | 230 N FM 1626
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