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Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs 3290 Atlantic Ave 2,598 SF Retail Building Long Beach, CA 90807 $3,995,000 ($1,537.72/SF) 3.72% Cap Rate
Investment Highlights
- 13 Years Remaining | 10% Every 5 Years | Corporate Signed
- Strategic Long Beach Location | Dense Retail & Employment Corridor
- Exceptional Market Fundamentals | Los Angeles MSA
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Modern Construction | Mission-Critical Drive-Thru Design
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire a leased fee (land ownership) absolute NNN leased, Chick-fil-A investment property located in Long Beach, California. The tenant, Chick-fil-A, Inc has 13 years remaining on their lease with 7 (5-year) 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,598 SF
Building Class
B
Year Built
2019
Price
$3,995,000
Price Per SF
$1,537.72
Cap Rate
3.72%
NOI
$148,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.83 AC
Zoning
C - Commercial
Parking
20 Spaces (7.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Chick-fil-A began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered the chain's famous chicken sandwich. Over decades, the company expanded across the United States and into Canada while maintaining its signature menu. Today, the brand operates numerous locations nationwide while staying closed on Sundays. Their business model focuses on quick-service restaurants and licensed catering services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,880,124 | Total Assessment | $1,880,124 |
Property Taxes
Parcel Numbers
Land Assessment
$1,880,124
Improvements Assessment
$0
Total Assessment
$1,880,124
Contacts
-
Patrick Luther -
Matthew Mousavi -
Christopher Tramontano -
SRS National Net Lease
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Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs | 3290 Atlantic Ave
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