2977 Market Dr - Restaurant FOR SALE


Tulare, CA 93274
$3,163,000 USD
415-971-4347
2977 Market Dr, Tulare, CA for Sale
$3,163,000 USD
Restaurant - FOR SALE
1/4

2977 Market Dr
Tulare, CA 93274


HIGHLIGHTS

  • New 15-year ground lease to Chick-fil-A, one of the strongest brands in the quick-service restaurant sector
  • Tenant is responsible for maintenance, repairs, taxes, insurance, and all operational expenses, providing a highly passive investment profile
  • 10% rental increases every 5 years beginning in year 11 of the primary term and continuing through the option periods
  • New construction asset with an anticipated store opening on June 1, 2026; long-term lease with multiple renewal options, supporting durable cash flow
  • The subject property is located adjacent to State Route 99, a primary north-south highway system serving California’s Central Valley
  • Positioned on a hard corner within a larger retail development that includes a Maverik fuel station, and additional pad sites for daily needs retail

OVERVIEW

For sale is a new construction Chick-Fil-A ground lease featuring a 15-year initial term, scheduled rental escalations, and multiple option periods. The subject property is currently under construction with an anticipated June 1, 2026 store opening, offering investors secure long-term income backed by one of the most productive quick-service restaurant brands in the country.

FOR SALE DETAILS

PRICE

$3,163,000 USD

CAP RATE

4%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,747 SF

ZONING

-

APN/PARCEL ID

166-240-016-000

ASK ABOUT THIS PROPERTY

Chris KostaneckiCP Partners CREMore Info
415-971-4347

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Chris KostaneckiCP Partners CREMore Info
415-971-4347

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