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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs 5512 7th St 5,173 SF Retail Building Bay City, TX 77414 $8,531,863 CAD ($1,649.31 CAD/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Corporate Signed | Scheduled Rental Increases
- Walmart Anchored Center (194,000 SF) | New Concept “Mobile Thru” Equipped | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped Chick-fil-A investment property located in Bay City, Texas. The tenant, Chick-fil-A, Inc recently signed a brand new 15 year lease with 13 (5-year) 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. Lastly, the property will be equipped with a “Mobile Thru” lane, a new concept / initiative from Chick-fil-A that adds an additional lane solely for customers who place their order ahead via the Chick-fil-A app. This feature will optimize the experience for customers and make processes more efficient for the restaurant.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,173 SF
Building Class
B
Year Built
2023
Price
$8,531,863 CAD
Price Per SF
$1,649.31 CAD
Cap Rate
4.85%
NOI
$413,826 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.00 AC
Zoning
C1 - Commercial
Frontage
222’ on 7Th St
AMENITIES
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Chick-fil-A
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Chick-fil-A | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20187 | Improvements Assessment | $1,779,247 CAD |
| Land Assessment | $335,111 CAD | Total Assessment | $2,114,358 CAD |
PROPERTY TAXES
Parcel Number
20187
Land Assessment
$335,111 CAD
Improvements Assessment
$1,779,247 CAD
Total Assessment
$2,114,358 CAD
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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs | 5512 7th St
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