Chick-fil-A, Kilgore, Texas

910 N. Kilgore Street no-imageVIEW MAP

Property Information

Price: $6,070,153

Cap Rate: 3.85%
NOI: $233,700.90
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 4,575 Square Feet
Year Built: 2021
Status: Under Contract
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
  • Intrinsic Value – Large Format Restaurant at 4,575 Square Feet on a Massive 1.51 Acre Corner Parcel with Excellent Access & Visibility
  • Features a Double-Thru Bay with a 29 Car Stack and 64 Parking Spaces – Providing Chick-fil-A with the Ability to Handle Extremely High Restaurant Volume
  • Excellent Demographics – Over 22,100 Residents with an Average Household Income Exceeding $64,800 in a 5-Mile Radius of the Property
  • Strategically Located in the Main Trade Area of Kilgore – Surrounded by Many National Retailers Including Walgreens, Walmart, Taco Bell & Burger King, and is in a 3-Mile Radius of Nine Hotels That Have 532 Combined Rooms
  • High Traffic Location – More Than 10,750 Vehicles Per Day on N. Kilgore Street, 9,100 Vehicles Per Day on TX-42 and Over 14,000 Vehicles Per Day on Nearby N. Henderson Blvd
  • Ideally Positioned Adjacent to a Walmart Supercenter & Brookshire Brother’s Grocery Store, Bringing Daily Needs Consumers to the Immediate Trade Area
  • Approximately 1-Mile from Kilgore Community College, a 4-Year Accredited Academic Institution with Over 5,700 Students Enrolled & 310 Employees
  • Approximately 1.2 Miles from the 25 Bed Roy H. Laird Memorial Hospital That Generated More Than $1.21 Million in Total Patient Revenue in 2020
  • Over 2.9 Million Square Feet of Industrial & Office and 1.1 Million Square Feet of Retail & Restaurant Space in a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 12,900 Employees
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset