Chick-fil-A - Net Lease Property for Sale
Sioux Falls, SD
Key Investment Metrics
Price
$3,125,000
Cap Rate
4.0%
Net Operating Income
$125,000
Building Size
4995 SF
Lot Size
4,995 SF
Land Area
1.19 Acres
Remaining Term
15.7 years
Lease Expiration
08/31/2041
Lease Term
20.4 years
Lease Commencement
04/15/2021
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2021
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years
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 4995 square feet of building space and was built in 2021.
With a cap rate of 4.0%, this Chick-fil-A net lease property offers stable income potential. The asking price is $3,125,000, 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.