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Chick-fil-A | Absolute NNN | 15-Yr Lease 620 W Oaklawn Rd 4,987 SF Retail Building Pleasanton, TX 78064 $6,663,000 ($1,336.07/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Brand New Construction | Established Brand
- Along W Oaklawn Rd (18,600 VPD) | Dense Retail Corridor | Pleasanton High School
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• The tenant just recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• The newly constructed site will feature a state-of-the-art design with high-quality materials
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• The newly constructed site will feature a state-of-the-art design with high-quality materials
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,987 SF
Building Class
B
Year Built
2026
Price
$6,663,000
Price Per SF
$1,336.07
Cap Rate
4.50%
NOI
$299,821
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.65 AC
Parking
61 Spaces (12.23 Spaces per 1,000 SF Leased)
Frontage
146’ on West Oaklawn Road
Amenities
- Restaurant
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R27739 | Improvements Assessment | $0 |
| Land Assessment | $241,500 | Total Assessment | $241,500 |
Property Taxes
Parcel Number
R27739
Land Assessment
$241,500
Improvements Assessment
$0
Total Assessment
$241,500
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