- Single-tenant Chick-fil-A investment opportunity, featuring a brand-new 15-year absolute triple-net (NNN) ground lease with 10% rental increases every 5 years. - Chick-fil-A is expected to open for business in Q4 2025. Their rent will commence October 1, 2025. - This location will feature Chick-fil-A’s new double drive-thru prototype with walkup windows, designed to handle high volumes of traffic. - Chick-fil-A operates ±3,109 restaurants with an average unit volume of ±$7.5 million. They had system wide sales of $22.75 billion in 2024, an increase of ±5.4% from 2023. - The Property is minutes away from Arizona State University’s main campus in Tempe, AZ. - Major student housing of 20 and 24 story buildings proposed or under development just west of the subject property, including The Leo, a 20-story development planned for 786 units, and 955 E Mixed Use, a two-tower development planned for 539-units. - Arizona State University, in partnership with Catellus, an award-winning master developer, is building Novus Innovation Corridor. This mixed-use project, integrated with ASU’s Tempe campus along Tempe Town Lake, includes the 2.1 million square-foot Marina Heights class-A office development and will feature 4,100 residences, 700 upscale hotel rooms, and 275,000 square-feet of additional retail. - The McBride Cohen Company is developing South Pier at Tempe Town Lake, minutes away from the Property. This project will feature 2,500 class-A residential units and more than 2M square feet of class-A commercial office and retail space. - Downtown Tempe currently has an existing convention base of approximately 22,000 multi-family units with thousands of additional units planned or under development. - The Property has excellent visibility and frontage on University Dr (±37,777 VPD), a main thoroughfare through Arizona State University’s campus. - This location is densely populated with an estimated 3-mile population of 142,108 and employment base ±102,209. These numbers are expected to increase exponentially with the explosive growth and development in the immediate area.