2018 Forest Ave - Fast Food FOR SALE


Chico, CA 95928
$5,625,000 USD
480-221-4221
2018 Forest Ave, Chico, CA for Sale
$5,625,000 USD
Fast Food - FOR SALE
1/9
null | 4% Cap Rate

2018 Forest Ave
Chico, CA 95928


HIGHLIGHTS

  • Brand New 15-Year Lease | 2026 Construction | National QSR Tenant
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Destination Retail Node off State Highway 99 (79K+ VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, drive-thru equipped, Chick-fil-A investment property located in Chico, California. The tenant, Chick-fil-A, Inc., recently signed a brand new 15 year lease with 3 (5-year) and 1 (4-year and 11-months) 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, 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. Chick-fil-A is a premier fast-food brand with 3,350+ locations across the country.

FOR SALE DETAILS

PRICE

$5,625,000 USD

PRICE/SF

$1,205 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | New 15yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

CR

APN/PARCEL ID

002-370-068-000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.