3420 Lamar Ave - Fast Food FOR SALE


Paris, TX 75460
$5,878,000 USD
828-337-3800
3420 Lamar Ave, Paris, TX for Sale
$5,878,000 USD
Fast Food - FOR SALE
1/3
null | 4.35% Cap Rate

3420 Lamar Ave
Paris, TX 75460


HIGHLIGHTS

  • Absolute Net - Zero LL Obligations
  • Double Drive-Through
  • Tax Free State
  • Depreciation Available

OVERVIEW

The Lennox/Massell Companies is pleased to present the opportunity to purchase the fee simple interest in an absolute net Chick-fil-A located in Paris, Texas. The absolute net lease structure offers investors the opportunity to own a completely passive investment with zero landlord responsibilities. The long-term lease, with multiple renewal options and rent increases throughout, demonstrates commitment to the location and confidence in the market. This Chick-fil-A combines exceptional design, strategic location and unmatched brand-strength. Featuring a modern prototype includes a double drive-through, the site in engineered for maximum efficiency - a critical advantage in today's quick service landscape. The high-traffic location and premium construction quality ensure strong long-term value and consistent customer demand. As one of the nations most sought-after net-lease tenants, Chick-fil-A delivers proven stability, impressive sales performance and enduring community presence. Situated on Paris's primary retail corridor, Lamar Avenue offers exceptional visibility and strong traffic counts - ranging from 21,000 to 25,000 VPD at the intersection of Lamar Avenue and SE Loop 286. This intersection also includes major traffic drivers and national tenants like Aldi, Walgreens, CVS, Ross Dress For Less, Ulta Beauty, Starbucks and Walmart Supercenter - further strengthening this very dense retail destination.

FOR SALE DETAILS

PRICE

$5,878,000 USD

PRICE/SF

$1,134 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A | Land & Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

-

APN/PARCEL ID

18452

ASK ABOUT THIS PROPERTY

T. Griffin LennoxLennox Massell CoMore Info
828-337-3800

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T. Griffin LennoxLennox Massell CoMore Info
828-337-3800

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