Van Buren, AR - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire thefee simple (land & building ownership) in an absolute NNN leased, Chick-fil-A investment property located in Van Buren, Arkansas. The tenant, Chick-fil-A, 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 Rena Road and Fayettville Road combining to average more than 30,600 vehicles passing by daily. Fayettville Road is a major retail thoroughfare serving the city of Van Buren. The property is adjacent to a 52,300+ square foot shopping center that includes a Domino’s and Dollar Tree with other national and local tenants. The asset is located within walking distance to a 194,500+ square foot shopping center that includes a Walmart Supercenter and a 138,750+ square foot Lowe’s Home Improvement. The asset is adjacent to an Arby’s, McDonald’s, Zaxbys Chicken, Little Caesars Pizza, Chili’s Grill & Bar, Verizon and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including an Aldi, Taco Bell, Waffle House, Dollar General, O’Reilly Auto Parts, and more, 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 a population of over 44,925 and 17,750 employees, with an average household income of $64,753.

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Listing ID: a28TP000001f897YAA