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Chick Fil-A 5901 National Rd E 4,500 SF Retail Building Richmond, IN 47374 $3,050,000 ($677.78/SF) 4.05% Cap Rate
Investment Highlights
- Brand-new Chick-fil-A opened October 30, 2025 with 15-year absolute NNN ground lease (zero landlord responsibilities).
- Highly protected trade area — only Chick-fil-A within 38 miles on I-70 East.
- Irreplaceable interstate location directly off the I-70 / US-40 interchange with exceptional visibility and access.
Executive Summary
• Chick-fil-A is the third largest quick-service restaurant company 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.
• Newly Open site, opened October 30th, 2025
• Located directly off of I-70 / US 40 interchange
• Only Chick Fil-A within 38 miles on I-70 East: 38 miles to Huber Heights, OH and 53 miles west Greenfield, IN for the closest Chick Fil-A's
• The lease provides for is a 15-year absolute net ground lease and location boasts an exceptional strategic advantage. positioned directly off of I-70 and along the highly trafficked US-40 / National Rd E corridor. Near by retailers include Lowes, Culvers, Cracker Barrel, I-HOP, Chipotle, Starbucks, and many more.
• Newly Open site, opened October 30th, 2025
• Located directly off of I-70 / US 40 interchange
• Only Chick Fil-A within 38 miles on I-70 East: 38 miles to Huber Heights, OH and 53 miles west Greenfield, IN for the closest Chick Fil-A's
• The lease provides for is a 15-year absolute net ground lease and location boasts an exceptional strategic advantage. positioned directly off of I-70 and along the highly trafficked US-40 / National Rd E corridor. Near by retailers include Lowes, Culvers, Cracker Barrel, I-HOP, Chipotle, Starbucks, and many more.
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Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Building Class
B
Year Built
2025
Price
$3,050,000
Price Per SF
$677.78
Cap Rate
4.05%
NOI
$123,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.40 AC
Zoning
ZO01
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
80’ on National Road East
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 89-16-36-430-203.000-030 | Improvements Assessment | $282,200 |
| Land Assessment | $358,200 | Total Assessment | $640,400 |
Property Taxes
Parcel Number
89-16-36-430-203.000-030
Land Assessment
$358,200
Improvements Assessment
$282,200
Total Assessment
$640,400
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Chick Fil-A | 5901 National Rd E
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