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2977 Market Dr
Tulare, CA 93274
Chick-fil-A · Retail Property For Sale
Investment Highlights
- New 15-year ground lease to Chick-fil-A, one of the strongest brands in the quick-service restaurant sector
- 10% rental increases every 5 years beginning in year 11 of the primary term and continuing through the option periods
- The subject property is located adjacent to State Route 99, a primary north-south highway system serving California’s Central Valley
- Tenant is responsible for maintenance, repairs, taxes, insurance, and all operational expenses, providing a highly passive investment profile
- New construction asset that is expected to open in May 2026; the outside rent commencement date is May 18, 2026
- Positioned on a hard corner within a larger retail development that includes a Maverik fuel station, and additional pad sites for daily needs retail
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,033 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Building Height
1 Story
Building FAR
0.06
Lot Size
1.81 AC
Property Taxes
| Parcel Number | 166-240-016-000 | Improvements Assessment | $0 |
| Land Assessment | $387,600 | Total Assessment | $387,600 |
Property Taxes
Parcel Number
166-240-016-000
Land Assessment
$387,600
Improvements Assessment
$0
Total Assessment
$387,600
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