Chick fil-A - NNN Net Lease Property for Sale
Joliet, IL
Key Investment Metrics
Price
$2,564,850
Cap Rate
8.0%
Net Operating Income
$205,188
Building Size
10940 SF
Lot Size
5,042 SF
Land Area
1.38 Acres
Year Built
2004
Occupancy
100%
Tenancy
Single
Rent Increases
See OM
About This Chick fil-A Net Lease Property
This Chick fil-A NNN (triple net lease) property is located in Joliet, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 10940 square feet of building space and was built in 2004.
With a cap rate of 8.0%, this Chick fil-A net lease property offers stable income potential. The asking price is $2,564,850, making it an attractive option for 1031 exchange investors seeking quality Chick fil-A commercial properties.
Why Invest in Chick fil-A NNN Properties?
- Stable Income: Chick fil-A net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Chick fil-A is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Joliet, IL Market Overview
Located in Joliet, IL, this Chick fil-A property benefits from strong local demographics and market fundamentals. The Joliet area offers excellent visibility and accessibility, making it an ideal location for Chick fil-A operations and a solid investment for net lease property buyers.