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Chick-Fil-A | 14+ Yrs Remaining 1161 Highway 290 E

4,930 SF Retail Building Brenham, TX 77833 $9,225,040 CAD ($1,871 CAD/SF) 4.50% Cap Rate

Investment Highlights

  • Approximately 14 Years Remaining | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense, Regional Retail Corridor | Hospitality Cluster | Strong National/Credit Tenant Presence
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax-Free State
  • Located Along U.S. Highway 290 (45,600 VPD) | Excellent Visibility & Access | Newly-Constructed QSR | Open & Operating | “Mobile Thru” Equipped

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, corporate signed, drive-thru equipped, Chick-fil-A investment property located in Brenham, Texas. The tenant, Chick-fil-A, Inc. has approximately 14 years remaining on its 15-year lease with 13 (5-year) options to extend, demonstrating their long-term 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, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in an income tax free state. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. The site features brand new construction, a modern design, and first-class amenities. 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
Fast Food
Building Size
4,930 SF
Building Class
B
Year Built
2023
Price
$9,225,040 CAD
Price Per SF
$1,871 CAD
Cap Rate
4.50%
NOI
$415,111 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.80 AC
Zoning
Commercial
Parking
74 Spaces (15.01 Spaces per 1,000 SF Leased)
Frontage
216 ft on US Highway 290 East

Nearby Major Retailers

Mod Pizza
Chili's Grill & Bar
Rent-A-Center
ColorTyme
PNC Bank
Starbucks
Denny's
Bush's Chicken
Woodforest National Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3979-000-00200
Land Assessment
$7,710,931 CAD
Improvements Assessment
$337,541 CAD
Total Assessment
$8,048,471 CAD
  • Listing ID: 34216913

  • Date on Market: 2024-12-16

  • Last Updated:

  • Address: 1161 Highway 290 E, Brenham, TX 77833

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