Chick-fil-A NNN Property For Sale — Bay City, TX
This absolute NNN leased Chick-fil-A investment property offers a compelling opportunity for investors seeking a management-free asset. The tenant, Chick-fil-A, Inc., recently committed to a brand new 15-year lease with 13 (5-year) options to extend, demonstrating a strong commitment to the location. The lease features attractive 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing steadily growing NOI and a hedge against inflation. This absolute NNN lease structure means zero landlord responsibilities, making it an ideal, management-free investment. The property will also be equipped with “Mobile Thru” lane, a new initiative from Chick-fil-A that features an additional lane specifically for app-based pre-orders, optimizing c…
- Asking price $6.24M
- 4.85% cap rate
- NOI $296,454
- 15 years remaining
- NNN lease
Asset type: Retail