Chick-fil-A | Lafayette, IN

Highlights:

• Chick-fil-A is the third largest quick-service restaurant company in the United States, with more than 3,160 restaurants across the United States, Canada, and Puerto Rico. Chick-fil-A reports average unit sales volumes of $9.4 million.
• The corporate ground lease structure is triple net (NNN), with zero landlord responsibilities.
• Chick-fil-A executed a rare twenty (20) year lease that has fifteen (14.9) years remaining, plus eight (8), five (5) year options.
• Placer.ai ranks the foot traffic of this store in the top 7% of all Chick-fil-A locations nationwide.
• This store is a relocation from down the street, demonstrating their commitment to the immediate area and proven operational history.
• The lease provides for 10% rental increases every five (5) years.
• Chick-fil-A is an outparcel to a Lowe’s and located in a dense retail corridor. Other neighboring retailers include Target, Walmart Supercenter, TJ Maxx, and Hobby Lobby, among many others.
• There are 128,414 residents located in the five (5) mile demographic ring, and population is expected to grow at an annual rate of 0.78% over the next five (5) years.
• The property is situated on the hard-signalized corner of N Creasy Ln and South St., which report strong combined traffic counts of 54,025 cars per day.
• Chick-fil-A is located near a large industrial/office corridor, implying a built-in customer base. The Caterpillar (NYSE: CAT) Lafayette Large Engine Center is located just 0.7 miles (3 minutes) from the subject property and employs nearly 2,000 employees.
• Lafayette is home to Purdue University, which enrolls over 58,000 students annually. The subject property is located 4 miles (12 minutes) from Purdue University.

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