Log In/Sign Up
Your email has been sent.
Chick-Fil-A 50 Independence Way 5,076 SF Retail Building Danvers, MA 01923 $7,647,000 ($1,506.50/SF) 4.25% Cap Rate
Investment Highlights
- Best in Class QSR Brand
- Brand New Construction with Long-Term Commitment
- High-Volume Traffic Count
- Brand-New 15-Year Absolute NNN Ground Lease Condo
- Affluent Trade Area Demographics
- Located Within Liberty Tree Mall Retail District
Executive Summary
Surmount is pleased to present the exclusive listing for a Chick-Fil-A located at 50 Independence Way, Danvers, MA 01923. The site consists of roughly 5,076 rentable square feet of building space on an estimated 2.25-acre parcel of land. Chick-Fil-A is subject to a 15-year Triple Net (NNN) ground lease, which is estimated to commence on 9/26/2026. The current annual rent is $325,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,076 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$7,647,000
Price Per SF
$1,506.50
Cap Rate
4.25%
NOI
$325,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.25 AC
Zoning
C - Commercial
Amenities
- Drive Thru
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | DANV-000063-000000-000005-000001-000001 | Improvements Assessment | $15,316,600 |
| Land Assessment | $0 | Total Assessment | $15,316,600 |
Property Taxes
Parcel Number
DANV-000063-000000-000005-000001-000001
Land Assessment
$0
Improvements Assessment
$15,316,600
Total Assessment
$15,316,600
Contacts
-
Josh Kanter -
Anthony D'Ambrosia -
Kevin Burke -
Glen Kunofsky -
Christopher Marks -
Surmount
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
