This offering provides the opportunity to acquire a single-tenant Chick-fil-A ground lease located along W. Princeton Drive (US-380) in Princeton, Texas, one of North Texas’ fastest-growing suburban markets. Positioned within a dynamic trade area that continues to experience rapid residential and commercial expansion, the asset benefits from excellent accessibility and visibility on a primary thoroughfare with daily traffic counts exceeding 32,500 vehicles.
The property features a newly constructed 4,849 SF building on a 2.16-acre parcel under an absolute NNN lease structure, ensuring zero landlord responsibilities. The lease encompasses a 15-year initial term with ten 5-year renewal options and scheduled rent escalations, providing long-term income stability and growth potential. The current annual net operating income is $180,000, reflecting a 3.75% cap rate based on a $4.8 million purchase price.
Chick-fil-A is nationally recognized for its consistent top-tier sales performance and brand strength in the quick-service restaurant sector, making this asset a durable investment backed by a corporate guarantee. Coupled with Princeton’s substantial residential development pipeline, strong demographics, and projected population growth to nearly 80,000 residents by 2050, this location offers investors secure cash flow supported by exceptional real estate fundamentals.