Santa Rosa, CA - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, Chick-fil-A investment property located in Santa Rosa, California. The tenant has over 7 years remaining on its lease with 7 (5-year) options to extend. 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 subject property is strategically positioned near multiple points of ingress and egress along State Highway 101 (120,500 VPD), a major north-south transportation corridor heavily utilized by commuters throughout Northern California. The location ranks among the top Chick-fil-A stores nationwide, generating over 1.1 million annual visits (per Placer.ai), placing it in the 92nd percentile for California and 91st nationally. The property benefits from strong visibility and accessibility along Mendocino Avenue (30,400 VPD), a primary retail thoroughfare featuring national retailers such as Dutch Bros, McDonald’s, Taco Bell, Safeway, Trader Joe’s, and The Home Depot. Furthermore, the site is situated less than two miles from the Coddingtown Shopping Center which draws more than 7.4 million annual visits (per Placer.ai), anchored by Target, Whole Foods Market, Dick’s Sporting Goods, Crunch Fitness, Macy’s, Nordstrom, and JCPenney, further driving year-round traffic to the area. The surrounding consumer base includes over 4,500 apartment and multifamily units within a one-mile radius, providing a dense, built-in customer pool. Additionally, the property is adjacent to Santa Rosa High School (1,700+ students) and Santa Rosa Junior College, a 100+ acre campus with more than 15,000 students, recognized as one of the largest junior colleges in Northern California and a primary feeder school into the University of California system. The 5-mile trade area is supported by a population of over 202,600 residents and 79,900 employees with an affluent average household income of $132,960.

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Listing ID: a28TP000001lf2LYAQ