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Chick-fil-A 2490 N Morton St 5,512 SF Retail Building Franklin, IN 46131 $3,000,000 ($544.27/SF) 4% Cap Rate
Investment Highlights
- New 15-year corporate-backed Chick-fil-A ground lease | Absolute NNN | Industry-leading QSR brand – Over $10 billion in annual revenue
- Premier A+ signalized hard corner | Best corner within trade Area | Shadow-anchored by new Meijer Grocery Center & Lowe’s anchored Franklin Commons
- Strong real estate fundamentals | Concept lending demographics | Franklin is located 24 miles south of downtown Indianapolis
- Strategic Location – Near Franklin High School (1,600 Students) & Franklin College (1,000 Students) | Next Generation Double Stack Drive-Thru Concept
- Rapidly growing South Indianapolis Corridor | Housing demand and rapid job growth fueled by new industrial & technology investment
Executive Summary
Lee & Associates is pleased to exclusively offer for sale a brand new Chick-fil-A ground lease located in Franklin, Indiana, within the rapidly expanding south Indianapolis corridor. The property consists of a newly constructed 5,512 square foot standalone quick-service restaurant situated on approximately 1.54 acres at the signalized hard corner intersection of N Morton Street and Commerce Drive. The site features Chick-fil-A’s next-generation double-stack drive-thru prototype with 61 parking spaces and a 345 square foot outdoor patio. Strategically positioned adjacent to a Meijer-anchored retail center and surrounded by national retailers including Walmart Supercenter, Lowe’s, Kroger, Kohl’s, Starbucks, Chipotle, Freddy’s, and McAlister’s Deli, the property benefits from exceptional visibility and strong consumer traffic exceeding 34,500 vehicles per day.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,512 SF
Building Class
B
Year Built
2026
Price
$3,000,000
Price Per SF
$544.27
Cap Rate
4%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
5.53 AC
Opportunity Zone
Yes
Zoning
MXC
Parking
61 Spaces (11.07 Spaces per 1,000 SF Leased)
Frontage
358’ on North Morton Street
Amenities
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-08-10-012-002.000-009 | Improvements Assessment | $74,200 |
| Land Assessment | $591,600 | Total Assessment | $665,800 |
Property Taxes
Parcel Number
41-08-10-012-002.000-009
Land Assessment
$591,600
Improvements Assessment
$74,200
Total Assessment
$665,800
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Chick-fil-A | 2490 N Morton St
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