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Chick-fil-A | New 15yr Abs NNN w/ Incrs 2018 Forest Ave 4,667 SF Retail Building Chico, CA 95928 $7,810,312 CAD ($1,673.52 CAD/SF) 4% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | 2026 Construction | National QSR Tenant
Destination Retail Node off State Highway 99 (79K+ VPD)

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, drive-thru equipped, Chick-fil-A investment property located in Chico, California. The tenant, Chick-fil-A, Inc., recently signed a brand new 15 year lease with 3 (5-year) and 1 (4-year and 11-months) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Chick-fil-A is a premier fast-food brand with 3,350+ locations across the country.