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Chick-fil-A | 4.98 Cap Rate 500 E Commerce St 4,990 SF Retail Building Brownwood, TX 76801 $6,670,563 CAD ($1,336.79 CAD/SF) 4.98% Cap Rate
INVESTMENT HIGHLIGHTS
- Chick-fil-A has been a tenant at this property since 2020 | Corporate Guaranty | Land & Building = Depreciation
- Lease Commencement Date - November 5, 2020 | Lease Expiration Date - November 30, 2035
- Zero Landlord Responsibilities | Tenant Pays Common Area Maintenance (CAM), Real Estate Taxes, and Insurance | Tenant Maintains Property
- New Fifteen (15) Year Lease | NOI $240,409 (As of 12/01/2025) | Ten (10) years remaining as of 12/01/2025
- Thirteen (13) Five (5) Year Options | Ten Percent (10%) Increases Every Five (5) Years | Absolute Triple Net (NNN) Lease
- Management Free Investment | Fee Simple Ownership | Texas Tax Free State
EXECUTIVE SUMMARY
The subject property is located on E. Commerce Street in the heart of Brownwood, Texas. The property is located among some of the countries best retailers, including Walmart, Home Depot, Kroger, Aldi, Walgreens, CVS, Tractor Supply Co., Auto Zone, and O’Reilly’s.
Restaurants located in the immediate trade area include Buffalo Wild Wings, Starbucks, Whataburger, Popeye’s, KFC, Taco Bell, and McDonald’s.
Adjacent traffic generators for the subject property include Comfort Inn & Suites, Hampton Inn and La Quinta Inn & Suites.
Chick-fil-A signed a fifteen (15) year lease with thirteen (13) five (5) year options. The lease is an absolute triple net (NNN) lease with zero landlord responsibilities. The lease has a corporate guaranty. This is a land and building acquisition.
There are approximately 876 residents within a 1-mile radius; 16,290 residents within a 3-mile radius; and 24,442 residents within a 5-mile radius.
The estimated average household income is $44,826 within a 1-mile radius; $71,793 within a 3-mile radius; and $75,200 within a 5-mile radius.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 4,990 SF
- $66.61 CAD
- Triple Net
- Nov 2035
Whether greeting at the drive-thru or making a meal inside the restaurant, Chick-fil-A® Team Members strive to serve up memorable experiences for each and every guest. And they hope that dining with them inspires people to spread that sense of warmth to others, too. Eating on the go can be a challenge, but they want to help. From hand-breading the chicken for their classic sandwiches to sourcing fresh produce for their salads and fruit cups, quality food has always been a top priority. They believe in delivering great fast food every day (except Sundays). Their founder, S. Truett Cathy, made the decision to close on Sundays in 1946. He knew what it was like to work seven days a week in restaurants, so he saw the importance of letting his employees set aside one day to rest and worship if they choose. That’s a practice they still uphold today.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 4,990 SF | $66.61 CAD | Triple Net | Nov 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21933 | Improvements Assessment | $1,664,572 CAD |
| Land Assessment | $878,040 CAD | Total Assessment | $2,542,611 CAD |
PROPERTY TAXES
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Chick-fil-A | 4.98 Cap Rate | 500 E Commerce St
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