Eufaula, AL - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, Chick-fil-A investment property located in Eufaula, Alabama. The tenant, Chick-fil-A, Inc has over 14 years remaining on their 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, 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 property is located along S Eufaula Ave, which averages 24,100 vehicles passing by daily and is a major retail thoroughfare serving the city of Eufaula. 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. In addition, the Chick-fil-A is located just north Eufaula Square Shopping Center, a 106,000 square foot shopping center anchored by Winn Dixie, Tractor Supply Co, and more. Furthermore, the asset is positioned just northeast of Eufaula Town Center, a 92,000 square foot center anchored by Farmer’s Home Furniture and Marvin’s Hardware Store. Moreover, the site benefits from extremely limited competition as it is the only Chick-fil-A location in a 40-mile radius. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Aaron’s Home Furniture, Dollar General, O’Reilly Auto Parts, Walgreens, Subway, and more, further increasing consumer traffic to the site.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000001liEjYAI