CBRE’s Net Lease Property Group is pleased to extend the opportunity to acquire a freestanding Chick-fil-A Ground Lease in St. Louis Park, MN-ranked as the third top-performing location in the state of Minnesota. The corporate lease has over seven years of term remaining and features a healthy 10% increase in February 2028 as well as in each of the four 5-year renewal options. Chick-fil-A is located within Shoppes at Knollwood, a 451,700-square-foot shopping center in an urban, growing submarket of the Twin Cities. The Property is anchored by Minnesota’s leading grocer, Cub Foods, which generates $52 million in annual revenue and is a top-performing store nationally. Additional category-leading anchors include T.J. Maxx & HomeGoods, Nordstrom Rack, DSW, ULTA, and Total Wine. The site is strategically positioned along heavily trafficked Highway 7 (40,159 VPD), the primary east-west artery serving the desirable communities of the Twin Cities. Chick-fil-A, Inc. is the largest quick-service restaurant chain in the U.S. specializing in chicken sandwiches. With 2,964 locations across 48 states, the District of Columbia, and Puerto Rico, Chick-fil-A continues to expand rapidly, adding nearly 100 new restaurants annually. In 2023, the chain generated an average revenue of $9.4 million per stand-alone restaurant, maintaining one of the highest unit volumes in the industry. This performance reflects a 6.5% increase over the previous year and underscores Chick-fil-A’s continued dominance in the fast-casual dining sector.