Chick-fil-A, Jacksonville, Texas

502 S. Jackson Street no-imageVIEW MAP

Property Information

Price: $5,826,311

Cap Rate: 3.85%
NOI: $224,313
Lease Term: 15 Years
Lease Type: Absolute NNN
Building Size: Approximately 4,990 Square Feet
Year Built: 2021
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670

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 4,990 Square Feet on a Massive 1.43 Acre Parcel
  • Features a Double-Thru with a 22 Car Stack, 110 Inside Dining Seats, 24 Patio Dining Seats and 76 Parking Spaces – Providing Chick-fil-A with the Ability to Handle Extremely High Restaurant Volume
  • Strategically Located in the Main Trade Area of Jacksonville Containing 1.4 Million Square Feet of Retail and Restaurant Space
  • High Traffic Location – Over 24,100 Vehicles Per Day on S. Jackson Street and Over 11,600 Vehicles Per Day on US-79
  • Directly Across the Street from the 72 Bed UT Health Jacksonville Hospital with Over 220 Staff Members and Physicians, Generating More Than $1.63 Million in Total Patient Revenue in 2020
  • Positioned Less Than a Half-Mile from the $21M Dollar Tomato Bowl – an 8,384 Seat Sports Stadium That Hosts Multiple Jacksonville High School and Jacksonville College Sporting Events
  • Within a 5-Mile Radius of 9 Schools That Have More Than 5,500 Combined Students and Faculty
  • Over 2.2 Million Square Feet of Industrial and Office Space in a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 9,200 Employees
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset