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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
Colliers International is pleased to present the opportunity to acquire the fee simple interest, in 500 E. Commerce Street, Brownwood, Texas 76801, an approximate 4,990 square foot Chick-fil-A restaurant constructed upon an approximate 1.46 acre parcel.
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.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,990 SF
Building Class
C
Year Built
2020
Price
$4,808,000
Price Per SF
$963.53
Cap Rate
5%
NOI
$240,409
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.46 AC
Zoning
Commercial - Commercial
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 began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered pressure-cooked chicken sandwiches that became the foundation for the chain. By 1967, Cathy opened the first branded Chick-fil-A location in Atlanta's Greenbriar Mall. The company grew through mall-based locations in the 1970s-80s before expanding to standalone restaurants. Today, the chain operates thousands of locations nationwide while maintaining its signature pressure-cooked chicken products and family-owned business structure. The company remains closed on Sundays as part of its founding principles.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 4,990 SF | $48.18 | Triple Net | Nov 2035 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21933 | Improvements Assessment | $1,204,030 |
| Land Assessment | $635,110 | Total Assessment | $1,839,140 |
Property Taxes
Parcel Number
21933
Land Assessment
$635,110
Improvements Assessment
$1,204,030
Total Assessment
$1,839,140
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Chick-fil-A | 5.00 Cap Rate | 500 E Commerce St
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