Dade City, FL - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chick-fil-A investment property located in Dade City, Florida. The tenant, Chick-fil-A, recently signed a brand new 15-year lease with 13 (5-year) options to extend, demonstrating its 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, providing a hedge against inflation while steadily growing NOI. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The subject property is located near the signalized, hard corner intersection of US Highway 98 & 301 and Morningside Dr which combine to average more than 35,600 vehicles passing by daily. US Highway 98 is the major retail thoroughfare serving the city of Dade City. The asset is located directly across from Morningside Plaza, a Walmart anchored center with other national/credit tenants including Five Below, Dollar Tree, Checkers, Ellianos, Subway, and many others. The asset is located in close proximity to a Save A Lot grocery anchored center with other tenants including bealls, Ace Hardware, Taco Bell, CVS, and Dollar General. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Publix, Walgreens, McDonald’s, Dunkin’, Burger King, KFC, Mavis Tires and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 32,100 residents and 10,600 employees with an average household income of $90,743.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002y3TJYAY