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Chick-Fil-A | 14yrs Remain Corp Abs NNN Grd L 4312 N Varsity Ave 4,761 SF Retail Building San Bernardino, CA 92407 $6,667,000 ($1,400.34/SF) 3.75% Cap Rate
Investment Highlights
- 14 Years Remaining | Scheduled Increases | Options To Extend |Corporate Guaranteed | Drive-Thru Equipped | Excellent Signage
- Corner Intersection (Combined 129,600 VPD) | Dense QSR Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Direct Consumer Base California State University of San Bernardino (17,900+ Students)
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed,
Chick-fil-A investment property located in San Bernardino, California. The tenant has approximately 14 years remaining on its lease, with four (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property features 2024 construction with state-of-the-art materials, a dual drive-thru, and excellent visibility via prominent signage on a 75-foot tall pylon sign fronting Interstate 215, further enhancing traffic capture and brand exposure.
Chick-fil-A investment property located in San Bernardino, California. The tenant has approximately 14 years remaining on its lease, with four (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property features 2024 construction with state-of-the-art materials, a dual drive-thru, and excellent visibility via prominent signage on a 75-foot tall pylon sign fronting Interstate 215, further enhancing traffic capture and brand exposure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,761 SF
Building Class
B
Year Built
2024
Price
$6,667,000
Price Per SF
$1,400.34
Cap Rate
3.75%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.52 AC
Zoning
CG-1 - Commercial
Parking
100 Spaces (21 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
Chick-fil-A began in 1946, when S. Truett Cathy and his brother Ben opened the Dwarf Grill in Georgia, laying the foundation for the company's restaurant business. The first Chick-fil-A restaurant opened in 1967, and the company grew around a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A operates as a quick-service restaurant brand with a strong catering business and a mix of dine-in, drive-thru, and digital ordering services. The company also supports food quality and sourcing programs while maintaining a wide presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-591-25 | Improvements Assessment | $4,000,000 |
| Land Assessment | $1,749,300 | Total Assessment | $5,749,300 |
Property Taxes
Parcel Number
0266-591-25
Land Assessment
$1,749,300
Improvements Assessment
$4,000,000
Total Assessment
$5,749,300
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