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Chick-fil-A | 5.00 Cap Rate 500 E Commerce St 4,990 SF Retail Building Brownwood, TX 76801 $4,808,000 ($963.53/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Chick-fil-A has been a tenant at this property since 2020 | Corporate Guaranty | Land & Building = Depreciation
- Lease Commencement Date - November 5, 2020 | Lease Expiration Date - November 30, 2035
- Zero Landlord Responsibilities | Tenant Pays Common Area Maintenance (CAM), Real Estate Taxes, and Insurance | Tenant Maintains Property
- New Fifteen (15) Year Lease | NOI $240,409 (As of 12/01/2025) | Ten (10) years remaining as of 12/01/2025
- Thirteen (13) Five (5) Year Options | Ten Percent (10%) Increases Every Five (5) Years | Absolute Triple Net (NNN) Lease
- Management Free Investment | Fee Simple Ownership | Texas Tax Free State
EXECUTIVE SUMMARY
The subject property is located on E. Commerce Street in the heart of Brownwood, Texas. The property is located among some of the countries best retailers, including Walmart, Home Depot, Kroger, Aldi, Walgreens, CVS, Tractor Supply Co., Auto Zone, and O’Reilly’s.
Restaurants located in the immediate trade area include Buffalo Wild Wings, Starbucks, Whataburger, Popeye’s, KFC, Taco Bell, and McDonald’s.
Adjacent traffic generators for the subject property include Comfort Inn & Suites, Hampton Inn and La Quinta Inn & Suites.
Chick-fil-A signed a fifteen (15) year lease with thirteen (13) five (5) year options. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities. The lease has a corporate guaranty. This is a land and building acquisition.
There are approximately 876 residents within a 1-mile radius; 16,290 residents within a 3-mile radius; and 24,442 residents within a 5-mile radius.
The estimated average household income is $44,826 within a 1-mile radius; $71,793 within a 3-mile radius; and $75,200 within a 5-mile radius.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 4,990 SF
- $48.18
- Triple Net
- Nov 2035
Chick-fil-A is a privately held quick-service restaurant chain best known for its chicken sandwiches and customer service. Founded in 1946 by S. Truett Cathy in Hapeville, Georgia, the company has grown into one of the largest fast-food brands in the United States, with thousands of locations nationwide. Headquartered in College Park, Georgia, Chick-fil-A operates under a unique corporate culture that emphasizes hospitality and community engagement. The company is notable for its policy of closing all locations on Sundays, a practice rooted in its founder’s principles. Chick-fil-A’s menu centers on chicken-based offerings, including sandwiches, nuggets, and salads, complemented by signature waffle fries and beverages. In addition to its domestic presence, the brand has expanded internationally with select locations in Canada and the United Kingdom. The company remains family-owned and privately held.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 4,990 SF | $48.18 | Triple Net | Nov 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21933 | Improvements Assessment | $1,204,030 |
| Land Assessment | $635,110 | Total Assessment | $1,839,140 |
PROPERTY TAXES
Presented by
Chick-fil-A | 5.00 Cap Rate | 500 E Commerce St
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