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Chick-Fil-A 900 S Eufaula Ave 1,746 SF Retail Building Eufaula, AL 36027 $5,146,000 ($2,947.31/SF) 4.25% Cap Rate



INVESTMENT HIGHLIGHTS
- Over 14 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Eufaula Square Center (106,000 SF) | Drive-Thru Lane Equipped |Eufaula Town Center (92,000 SF) | Primary Retail Corridor | Limited Competition
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Chick-fil-A investment property located in Eufaula, Alabama. The tenant, Chick-fil-A, Inc has over 14 years remaining on their lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,746 SF
Building Class
B
Year Built
2020
Price
$5,146,000
Price Per SF
$2,947.31
Cap Rate
4.25%
NOI
$218,701
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.54 AC
Zoning
C2 - Business District (General Business)
AMENITIES
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-03-05-1-018-001-000-0 | Improvements Assessment | $157,980 |
| Land Assessment | $74,740 | Total Assessment | $232,720 |
PROPERTY TAXES
Parcel Number
24-03-05-1-018-001-000-0
Land Assessment
$74,740
Improvements Assessment
$157,980
Total Assessment
$232,720
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Chick-Fil-A | 900 S Eufaula Ave
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