Chick-fil-A - Net Lease Property for Sale
Alice, TX
Key Investment Metrics
Price
$6,116,442
Cap Rate
4.8%
Net Operating Income
$290,531
Building Size
4933 SF
Lot Size
4,933 SF
Land Area
1.67 Acres
Remaining Term
13 years
Lease Expiration
12/31/2038
Lease Term
15.1 years
Lease Commencement
12/07/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Bumps Every 5 Years
About This Chick-fil-A Net Lease Property
This Chick-fil-A NNN (triple net lease) property is located in Alice, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 4933 square feet of building space and was built in 2023.
With a cap rate of 4.8%, this Chick-fil-A net lease property offers stable income potential. The asking price is $6,116,442, 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.
Alice, TX Market Overview
Located in Alice, TX, this Chick-fil-A property benefits from strong local demographics and market fundamentals. The Alice 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.