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Chick-Fil-A 50 Independence Way 5,076 SF Retail Building Danvers, MA 01923 $10,537,566 CAD ($2,075.96 CAD/SF) 4.25% Cap Rate
Investment Highlights
- Best in Class QSR Brand
- Brand New Construction with Long-Term Commitment
- High-Volume Traffic Count
- Brand-New 15-Year Absolute NNN Ground Lease Condo
- Affluent Trade Area Demographics
- Located Within Liberty Tree Mall Retail District
Executive Summary
Surmount is pleased to present the exclusive listing for a Chick-Fil-A located at 50 Independence Way, Danvers, MA 01923. The site consists of roughly 5,076 rentable square feet of building space on an estimated 2.25-acre parcel of land. Chick-Fil-A is subject to a 15-year Triple Net (NNN) ground lease, which is estimated to commence on 9/26/2026. The current annual rent is $325,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,076 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$10,537,566 CAD
Price Per SF
$2,075.96 CAD
Cap Rate
4.25%
NOI
$447,850 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.25 AC
Zoning
C - Commercial
Amenities
- Drive Thru
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | DANV-000063-000000-000005-000001-000001 | Improvements Assessment | $21,106,275 CAD |
| Land Assessment | $0 CAD | Total Assessment | $21,106,275 CAD |
Property Taxes
Parcel Number
DANV-000063-000000-000005-000001-000001
Land Assessment
$0 CAD
Improvements Assessment
$21,106,275 CAD
Total Assessment
$21,106,275 CAD
Contacts
-
Josh Kanter -
Anthony D'Ambrosia -
Kevin Burke -
Glen Kunofsky -
Christopher Marks -
Surmount
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Chick-Fil-A | 50 Independence Way
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