Chick fil-A - NNN Net Lease Property for Sale
Sioux Falls, SD
Key Investment Metrics
Price
$2,713,000
Cap Rate
6.0%
Net Operating Income
$162,750
Building Size
2293 SF
Lot Size
4,995 SF
Land Area
0.51 Acres
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
See Rent Schedule
About This Chick fil-A Net Lease Property
This Chick fil-A NNN (triple net lease) property is located in Sioux Falls, SD and represents an excellent investment opportunity for commercial real estate investors. The property features 2293 square feet of building space.
With a cap rate of 6.0%, this Chick fil-A net lease property offers stable income potential. The asking price is $2,713,000, 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.
Sioux Falls, SD Market Overview
Located in Sioux Falls, SD, this Chick fil-A property benefits from strong local demographics and market fundamentals. The Sioux Falls 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.