3420 Lamar Ave - Fast Food FOR SALE


Paris, TX 75460
$5,327,730 USD
918-794-9538
3420 Lamar Ave, Paris, TX for Sale
$5,327,730 USD
Fast Food - FOR SALE
1/9
null | 4.8% Cap Rate

3420 Lamar Ave
Paris, TX 75460


HIGHLIGHTS

  • RARE, FEE SIMPLE CHICK-FIL-A CORPORATE LEASE
  • LARGE 2.20-ACRE PARCEL | 10% RENT INCREASES
  • 2ND MOST-VISITED QUICK SERVICE RESTAURANT IN PARIS
  • NATION’S STRONGEST PRIVATE QSR | +$23B ANNUAL SALES
  • ADJACENT TO PARIS TOWNE CENTER | 2.4M ANNUAL VISITS
  • INCOME TAX-FREE STATE

OVERVIEW

This offering represents a rare opportunity to acquire a fee simple Chick-fil-A asset in Paris, Texas. Built in 2021, the property includes a 4,990-square-foot building situated on a 2.20-acre parcel. It is encumbered by a long-term, absolute NNN lease with over nine years remaining and features 10% rent escalations every five years. Investors benefit from a passive income stream with zero landlord responsibilities. The lease includes 13 five-year renewal options, extending potential tenancy well beyond 2100, creating a stable income profile for decades. The property sits adjacent to Paris Towne Center, the most-visited shopping center in Paris, generating 2.4 million annual visits and a 7.5% year-over-year growth rate. Surrounded by national retailers like Walmart, Hobby Lobby, TJ Maxx, Walgreens, and Starbucks, the location ensures consistent traffic. Positioned on Lamar Avenue with visibility to 16,300+ vehicles per day and near NW Loop 286 (27,000+ VPD), the site offers strong connectivity to regional hubs, including Dallas, Tyler, and Texarkana. Texas’ income tax-free environment further enhances investment returns.

FOR SALE DETAILS

PRICE

$5,327,730 USD

PRICE/SF

$1,028 USD /SF

CAP RATE

4.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

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

Anne PerraultNorthmarqMore Info
918-794-9538

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Anne PerraultNorthmarqMore Info
918-794-9538

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