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Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs 14011 Spring Cypress Rd 5,007 SF Retail Building Cypress, TX 77429 $4,788,004 CAD ($956.26 CAD/SF) 3.85% Cap Rate
Investment Highlights
- Corporate Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases
- Across From HEB Anchored Center | Primary Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Chick-fil-A Corporate guaranteed lease
• The tenant, Chick-fil-A, has 13-years remaining with 10 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases throughout the initial term and at the beginning of each option period
• The tenant, Chick-fil-A, has 13-years remaining with 10 (5-year) option periods to extend, demonstrating their commitment to the site
• The lease features 10% rental increases throughout the initial term and at the beginning of each option period
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,007 SF
Building Class
B
Year Built
2023
Price
$4,788,004 CAD
Price Per SF
$956.26 CAD
Cap Rate
3.85%
NOI
$184,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.05 AC
Parking
25 Spaces (4.99 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Chick-fil-A began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered the chain's famous chicken sandwich. Over decades, the company expanded across the United States and into Canada while maintaining its signature menu. Today, the brand operates numerous locations nationwide while staying closed on Sundays. Their business model focuses on quick-service restaurants and licensed catering services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1185140220060 | Improvements Assessment | $1,764,658 CAD |
| Land Assessment | $936,938 CAD | Total Assessment | $2,701,596 CAD |
Property Taxes
Parcel Number
1185140220060
Land Assessment
$936,938 CAD
Improvements Assessment
$1,764,658 CAD
Total Assessment
$2,701,596 CAD
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Chick-fil-A | 13yrs Remain Abs NNN w/ Incrs | 14011 Spring Cypress Rd
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