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Chick-fil-A | Lafayette, IN 50 N Creasy Ln 5,250 SF Retail Building Lafayette, IN 47905 $4,000,000 ($761.90/SF) 4.19% Cap Rate
Investment Highlights
- Corporate NNN Ground Lease - 14.1 Years Remaining
- Relocation Store - Proven Operational History
- 4 Miles from Purdue University - 128K Residents (5-Miles)
- Placer.ai Ranks Foot Traffic in Top 7% of U.S. Locations
- Outparcel to Lowe's - Dense Retail Corridor
- Hard Signalized Corner - 55K Cars Per Day
Executive Summary
Chick-fil-A is the third largest quick-service restaurant in the United States, with more than 3,160 restaurants across the United States, Canada, and Puerto Rico. Chick-fil-A reports average unit sales volumes of $9.4 million.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,250 SF
Building Class
C
Year Built
2020
Price
$4,000,000
Price Per SF
$761.90
Cap Rate
4.19%
NOI
$167,475
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.23 AC
Parking
73 Spaces (13.9 Spaces per 1,000 SF Leased)
Frontage
256’ on N creasy ln
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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 End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-07-23-376-024.000-004 | Improvements Assessment | $2,359,200 |
| Land Assessment | $0 | Total Assessment | $2,359,200 |
Property Taxes
Parcel Number
79-07-23-376-024.000-004
Land Assessment
$0
Improvements Assessment
$2,359,200
Total Assessment
$2,359,200
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Chick-fil-A | Lafayette, IN | 50 N Creasy Ln
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