Chick-fil-A, Groves, Texas

Property Information

Price: Please Call

NOI: Confidential
Lease Term: 15 Years
Lease Type: Absolute NNN
Year Built: 2022
Status: Available
Lead Broker Information:

Randy Bell


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 $11 Billion in Annual Revenue and 2,400+ Locations in 47 States – Chick-fil-A is the Industry Leader in Average Unit Volume with Over $4.6 Million in Sales Per Location, Representing 67% More in Sales Per Location Than 2nd Place Panera Bread
  • New Construction, Pride of Ownership Asset Featuring Chick-fil-A’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset