Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru equipped, Chick-fil-A investment property located in Henderson, Texas. The tenant, Chick-fil-A, Inc recently signed a brand new 15 year lease with 13 (5-year) options to extend, demonstrating their 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Chick-fil-A is located near the signalized, hard corner intersection of Highway 79 and S Evenside St with a combined 17,700 vehicles passing by daily. US-79, is a major retail thoroughfare serving the city of Henderson. The asset is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The Chick-fil-A property is located in a fast food retail corridor that also features national/credit tenants including McDonald’s, Panda Express, and Sonic pads The property is located across the street from Henderson Plaza, a 118,000 square foot Kroger grocery anchored center. In addition, Chick-fil-A is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowe’s Home Improvement, CVS Pharmacy, Walgreens, Dollar Tree, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 18,500. Residents within a 1-mile radius boast an affluent average household income of $97,598.

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