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Chick-fil-A 2977 Market Dr 5,033 SF 100% Leased 4-Star Retail Building Tulare, CA 93274 $4,401,947 CAD ($874.62 CAD/SF) 4% Cap Rate

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Investment Highlights

New 15-year ground lease to Chick-fil-A, one of the strongest brands in the quick-service restaurant sector
10% rental increases every 5 years beginning in year 11 of the primary term and continuing through the option periods
The subject property is located adjacent to State Route 99, a primary north-south highway system serving California’s Central Valley

Tenant is responsible for maintenance, repairs, taxes, insurance, and all operational expenses, providing a highly passive investment profile
New construction asset with an anticipated store opening on June 1, 2026; long-term lease with multiple renewal options, supporting durable cash flow
Positioned on a hard corner within a larger retail development that includes a Maverik fuel station, and additional pad sites for daily needs retail

Executive Summary

For sale is a new construction Chick-Fil-A ground lease featuring a 15-year initial term, scheduled rental escalations, and multiple option periods. The subject property is currently under construction with an anticipated June 1, 2026 store opening, offering investors secure long-term income backed by one of the most productive quick-service restaurant brands in the country.

ChickFilA_TulareCA