Chick-fil-A, Alice, Texas

2273 E. Main Street no-imageVIEW MAP

Property Information

Price: $6,456,244
Cap Rate: 4.50%
NOI: $290,531
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 4,933 Square Feet
Year Built: 2023
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Brand-New 15 Year Absolute NNN Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Thirteen (5-Year) Options to Renew
  • 10% Rent Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Corporately Guaranteed Lease by Chick-fil-A, Inc. – a Best in Class Tenant with Over $18.8 Billion in Annual Revenue and 3,000+ Locations in 48 States – Chick-fil-A is the Industry Leader in Average Unit Volume with Over $8.7 Million in Sales Per Location in Their Freestanding Stores, Representing More Than Twice As Much within Their Category as 2nd Place Panera Bread
  • New Construction, Pride of Ownership Asset Featuring Chick-fil-A’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Intrinsic Value Asset – Large Format Restaurant at 4,933 Square Feet Situated on a Massive 1.67-Acre Parcel
  • Features a Double-Thru Bay with a 40 Car Stack, 70 Parking Spaces & 116 Total Seats – Providing Chick-fil-A with the Ability to Handle Extremely High Customer Volume
  • High Traffic Location – Over 22,500 Vehicles Per Day on E. Main Street (TX-44) with an Additional 8,170 Vehicles Per Day on Nearby Flournoy Rd (FM-1931)
  • Excellent Highway Visibility and Massive Pylon Sign Allow for Maximum Exposure to Oncoming Traffic from Both Directions
  • Strong Demographics – More Than 20,000 Residents in a 5-Mile Radius with Average Household Income Exceeding $111,000 within a 1-Mile Radius of the Property
  • Over 2.73 Million Square Feet of Industrial & Office Space and 2.63 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 900 Businesses & 9,800 Employees
  • Strategically Positioned Next to a Walmart Supercenter That Has Seen More Than 2.55 Million Visits Over the Last Calendar Year
  • Located Directly Across TX-44 from the 135 Bed CHRISTUS Spohn Hospital – Alice with Over $424 Million in Total Patient Revenue in 2022 and a Staff of More Than 200 Healthcare Professionals
  • Approximately 1.2 Miles from Alice High School with Over 1,275 Students Enrolled & 100+ Faculty Members & Staff
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset