Orlando, FL - Chick-fil-A

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Chick-fil-A investment property located in Orlando, Florida. The tenant, Chick-fil-A Inc., recently executed a brand new 20-year lease with 10 (5-year) options to extend, demonstrating their long-term 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, growing NOI and hedging against inflation. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The building is currently being built and will feature brand new construction with modern amenities and design. Chick-fil-A is an established and nationally recognized brand currently operating over 2,600 locations.

Chick-fil-A is strategically located along State Highway 535, a primary commuter thoroughfare averaging 59,500 vehicles passing by daily. The site 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 asset benefits from nearby on/off ramp access to Interstate 4 (179,500 VPD), a heavily traveled freeway serving the greater Orlando metropolitan area. Additionally, the quick service restaurant is within walking distance to numerous timeshares and resorts including the Sheraton Vistana Resort Condominiums (1,538 units), Marriott’s Orlando World Center (2,003 units), Sheraton Vistana Resort Timeshares (1,606 units), and more, providing a strong consumer base to draw from. Moreover, Chick-fil-A is ideally located at the doorstep of Walt Disney World, a 27,258-acre entertainment resort complex featuring 4 theme parks, 2 water parks, 27 themed resort hotels, several golf courses, and other entertainment venues, including Disney Springs (adjacent to the site). Walt Disney World’s 4 major theme parks are some of the most visited in the world and include the Magic Kingdom (20.86M attendance), Animal Kingdom (13.75M attendance), Epcot Center (12.44M attendance), and Disney’s Hollywood Studios (11.26M attendance). The 5-mile trade area is supported by more than 103,000 residents and 87,700 daytime employees with a healthy average household income of $92,334.

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