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Chick-Fil-A | 14yrs Remain Corp Abs NNN Grd L 4312 N Varsity Ave 4,761 SF Retail Building San Bernardino, CA 92407 $9,268,930 CAD ($1,946.85 CAD/SF) 3.75% Cap Rate
Investment Highlights
- 14 Years Remaining | Scheduled Increases | Options To Extend |Corporate Guaranteed | Drive-Thru Equipped | Excellent Signage
- Corner Intersection (Combined 129,600 VPD) | Dense QSR Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Direct Consumer Base California State University of San Bernardino (17,900+ Students)
Executive Summary
Chick-fil-A investment property located in San Bernardino, California. The tenant has approximately 14 years remaining on its lease, with four (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features 10% rental increases every five years throughout the initial term and at the start of each option period, providing a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property features 2024 construction with state-of-the-art materials, a dual drive-thru, and excellent visibility via prominent signage on a 75-foot tall pylon sign fronting Interstate 215, further enhancing traffic capture and brand exposure.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
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99,999 SF
- -
-
Jan 0000
Chick-fil-A began in 1946, when S. Truett Cathy and his brother Ben opened the Dwarf Grill in Georgia, laying the foundation for the company's restaurant business. The first Chick-fil-A restaurant opened in 1967, and the company grew around a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A operates as a quick-service restaurant brand with a strong catering business and a mix of dine-in, drive-thru, and digital ordering services. The company also supports food quality and sourcing programs while maintaining a wide presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0266-591-25 | Improvements Assessment | $5,467,200 CAD |
| Land Assessment | $2,390,943 CAD | Total Assessment | $7,858,143 CAD |
Property Taxes
Presented by
Chick-Fil-A | 14yrs Remain Corp Abs NNN Grd L | 4312 N Varsity Ave
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