Chick-fil-A - Net Lease Property for Sale
Marion, IL
Key Investment Metrics
Price
$2,312,500
Cap Rate
4.0%
Net Operating Income
$92,500
Building Size
5024 SF
Lot Size
5,024 SF
Land Area
1.5 Acres
Remaining Term
13.3 years
Lease Expiration
04/30/2039
Lease Term
15.1 years
Lease Commencement
04/10/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every five years
About This Chick-fil-A Net Lease Property
This Chick-fil-A NNN (triple net lease) property is located in Marion, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 5024 square feet of building space.
With a cap rate of 4.0%, this Chick-fil-A net lease property offers stable income potential. The asking price is $2,312,500, 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.
Marion, IL Market Overview
Located in Marion, IL, this Chick-fil-A property benefits from strong local demographics and market fundamentals. The Marion 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.