Alachua, FL - Chick-fil-A

Description:

• The tenant just 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 and at the beginning of each option, growing NOI and hedging against inflation
• The site will feature a newly constructed, drive-thru equipped building with modern amenities and design
• The family-owned and privately held company has 3,354 Chick-Fil-A restaurants in the United States as of October 2025

• Strategically located at the signalized, hard corner intersection of M.L. King Blvd and NW 173rd St averaging a combined 39,500 VPD
• Part of Santa Fe Crossings, a new retail development that will feature 6 pads in Phase 1 and an additional 3.52-acres planned for Phase II
• There are several new residential developments underway off the M.L. King Blvd corridor, providing long-term viability in the underlying real estate
• Adjacent to Briarwood Phases 1-4 (429-single family lots)
• In July 2024, Alachua city officials approved a brand new 200-acre single-family housing development that will bring more than 500 single-family homes north of US 441 and south of the Dogwood Acres neighborhood. It also includes nearly 50 acres for recreational amenities such as a pool, dog park, and sport courts (more HERE)
• Ideally positioned across from Santa Fe High School (1000+ students), providing a consistent consumer base from which to draw

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Listing ID: a28TP000001wgxZYAQ