Chick-Fil-A | 5.0% Cap | Absolute NNN | Land & Building | Brownwood, TX

$4,808,000

500 East Commerce Street, Brownwood, TX 76801

For Sale

Retail Restaurant

Active

Last Updated: 01/14/2026

Details:

Cap Rate: 5%

NOI: $240,409.09

Cash-on-Cash: 5%

Pro Forma Cap Rate : 5%

Building Size: 4,990 sqft

Lot Area: 1.46 acres

Occupancy: 100%

Class: A

Lease Type: Absolute Net

Year Built: 2020

Tenancy: Single

Seller Financing: No

Gross Leaseable Area: 4,990

Construction Status: Built

Investment Strategy: Core

Lease Expire Year: 11/30/2035

Offered by

David Grant

Broker

Colliers International

#License # NV-BS.0021567

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Description:

• Tenant is Chick-fil-A, Inc., a Georgia corporation
• Chick-fil-A has been a tenant at this property since 2020 – when it opened.
• New Fifteen (15) Year Lease
• Ten (10) Years Remaining from 12/01/2025
• Thirteen (13) Five (5) Year Options
• Ten Percent (10%) Increases Every Five (5) Years
• Absolute Triple Net (NNN) Lease
• Tenant Maintains Property, Pays Real Estate Taxes, and Pays Insurance
• Management Free Investment
• Fee Simple Ownership | Texas Tax Free State
• Rent Commencement Date: November 5, 2020
• Lease Expiration Date: November 30, 2035
• NOI $240,409.09 (As of 12/01/2025)
• Pricing $4,808,000
• 5.00 % Cap Rate