Brenham, TX - Chick-fil-A

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, corporate signed, drive-thru equipped, Chick-fil-A investment property located in Brenham, Texas. The tenant, Chick-fil-A, Inc. recently signed a brand new 15-year lease with 13 (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 absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in an income tax free state. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in December 2023, the site will feature brand new construction, a modern design, and first-class amenities.

The subject property is strategically located along U.S. Highway 290, a major thoroughfare serving 45,600 vehicles per day. The site benefits from excellent visibility along the highway and will be equipped with a drive-thru, providing ease and convenience for customers.. Furthermore, the asset is ideally situated near a dense, regional retail corridor featuring numerous national/credit tenants including Walmart Supercenter, The Home Depot, Marshalls, H-E-B, Hobby Lobby, Lowe’s, Petsmart, Tractor Supply Co., and many more. In addition, the property is located within a hospitality cluster comprised of more than 6 hotels including Hampton Inn & Suites Brenham, Holiday Inn Express & Suites Brenham South, and Best Western Inn of Brenham, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by approximately 22,700 residents and 18,550 employees, providing a direct consumer base from which to draw. Residents within 5 miles of the subject property boast a stable average household income of $95,638.