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Chick-Fil-A 1655 Boston Rd 5,244 SF 4-Star Retail Building Springfield, MA 01129 $6,241,809 CAD ($1,190.28 CAD/SF) 4.25% Cap Rate
Investment Highlights
- Corporate-guaranteed 15-year lease with Chick-fil-A, one of the most sought-after QSR chains with over 3,400 units and $24B in sales
- Eight five-year renewal options extending potential income stream through 2080 with 10% rent escalations every five years
- Brand new 2025 construction minimizes exposure to near-term capital expenses
- Absolute NNN ground lease eliminates all landlord obligations including maintenance, insurance, and capital expenditures
- Exceptionally rare corporate Chick-fil-A ground lease offering in Massachusetts with limited competition and strong buyer demand
- Strategic location along Boston Road generating 17,200 vehicles per day in Springfield's established retail corridor
Executive Summary
Rare corporate-guaranteed Chick-fil-A ground lease in Massachusetts with 15-year term, 8 five-year renewal options extending through 2080, and 10% rent escalations every 5 years. New 2025 construction on 1.75 acres along Boston Road with 17,200 VPD. Absolute NNN structure eliminates all landlord responsibilities. Part of Springfield Crossing, the largest new construction shopping center in New England since 2008.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
5,244 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$6,241,809 CAD
Price Per SF
$1,190.28 CAD
Cap Rate
4.25%
NOI
$265,280 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.75 AC
Zoning
SB1R2 - Commercial
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Join strong national and local tenants in the Springfield Crossing Shopping Center. Up to 356,427 SF available for lease. Anchor, junior anchor & outparcel opportunities available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,000 SF | Retail | Outparcel | Mar 2027 |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Mar 2027 |
1st Floor
| Size | 5,000 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Mar 2027 |
Join strong national and local tenants in the Springfield Crossing Shopping Center. Up to 356,427 SF available for lease. Anchor, junior anchor & outparcel opportunities available
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SPRI-001655-000000-000405 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,853,573 CAD | Total Assessment | $5,853,573 CAD |
Property Taxes
Parcel Number
SPRI-001655-000000-000405
Land Assessment
$5,853,573 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,853,573 CAD
Contacts
-
Justin Smith -
Matt Ericson -
Chris Peterson -
Matt Austin -
Danielle Turpin -
Danny Griffin -
Bryan Anderson -
Chris Kelly -
Atlantic Capital Partners
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Chick-Fil-A | 1655 Boston Rd
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