Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs | 2416 US 79
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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs 2416 US 79
5,000 SF 4-Star Retail Building Henderson, TX 75654 $9,069,516 CAD ($1,814 CAD/SF) 4.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Strong National/Credit Tenant | Corporate Signed
- Signalized, Hard Corner Intersection | Drive-Thru Lane Equipped | Henderson Plaza (118,000 SF) | Primary Retail Corridor
- Strong Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Rare Depreciable Asset
- Brand New Construction | Highway US-79 (13,200 VPD)
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 Henderson, 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 a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$9,069,516 CAD
Price Per SF
$1,814 CAD
Cap Rate
4.50%
NOI
$408,114 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.47 AC
Zoning
C2 - General Commercial
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 32630 | Improvements Assessment | $1,942,210 CAD |
| Land Assessment | $1,120,616 CAD | Total Assessment | $3,062,826 CAD |
PROPERTY TAXES
Parcel Number
32630
Land Assessment
$1,120,616 CAD
Improvements Assessment
$1,942,210 CAD
Total Assessment
$3,062,826 CAD
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Chick-fil-A | New 15yr Corp Abs NNN w/ Incrs | 2416 US 79
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