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Chick-fil-A - Orlando (Leesburg) FL 9925 US-441 4,935 SF Retail Building Leesburg, FL 34788 $3,682,000 ($746.10/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- 13+ Years Remaining | Scheduled Rental Increases | April 2024 Opening | Established Tenant | New Construction
- Lake Square Mall (728,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN Ground Lease | Leased Fee | No State Income Tax Zero Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Drive-Thru Equipped Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant, Chick-fil-A, Inc currently has 13+ years remaining on their initial lease with 13 (5-year) options to extend, demonstrating their long-term 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 site features a newly constructed, drive-thru equipped building with modern amenities and design
• Store recently opened in April 2024
• Chick-fil-A serves freshly prepared food in more than 2,774 restaurants in 50 states, Washington, D.C., and Canada
• 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 site features a newly constructed, drive-thru equipped building with modern amenities and design
• Store recently opened in April 2024
• Chick-fil-A serves freshly prepared food in more than 2,774 restaurants in 50 states, Washington, D.C., and Canada
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,935 SF
Building Class
B
Year Built
2024
Price
$3,682,000
Price Per SF
$746.10
Cap Rate
4.30%
NOI
$158,308
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.72 AC
Zoning
Highway Commercial
Parking
61 Spaces (12.36 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-19-25-0500-047-00800 | Improvements Assessment | $770,182 |
| Land Assessment | $759,837 | Total Assessment | $1,530,019 |
PROPERTY TAXES
Parcel Number
01-19-25-0500-047-00800
Land Assessment
$759,837
Improvements Assessment
$770,182
Total Assessment
$1,530,019
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Chick-fil-A - Orlando (Leesburg) FL | 9925 US-441
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