Chick-fil-A - San Antonio, Texas_Property for Sale
Chick-fil-A - San Antonio, Texas_Property for Sale
Northwest Loop 410 5550, San Antonio, TX, 78238, US

Chick-fil-A - San Antonio, Texas

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the ground lease interest in the single-tenant Chick-Fil-A (the “Property” or “Asset”) located at 5552 NW Loop 410 in San Antonio, TX. The 19-year ground lease operates under an absolute NNN lease structure and is subject to 10% rent increases every 5-years, providing investors a hedge against inflation.


The new construction quick-service restaurant is ideally situated just off NW Loop-410, a main San Antonio MSA Interstate. NW Loop-410 is a highly trafficked Interstate that traffics nearly 250,000 vehicles per day. The Asset benefits from proximity to major national retail tenants including Home Depot, Sam’s Club, Walmart, and more. The Sam’s Club is the 5th most trafficked location in the country, with over 3.2 million annual visits. Additionally, the Property is just 3 miles south of the Methodist Healthcare Campus, featuring the Methodist Hospital which has over 900 beds. Finally, there are 6-7 multifamily buildings in the immediate area spanning over 1,500 multifamily units.


Chick-Fil-A is the industry leader in store sales, with average annual unit-level sales of over $9.4 million. Chick-Fil-A achieved $21.6 billion in systemwide sales in 2023, a 14.9% increase from the $18.8 billion achieved in 2022. The chain has since grown to over 3,000 locations and continues to be the most highly sought restaurant brand in the net lease space.

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Attributes

Asking price
HK$27,983,000
Cap rate
4.1%
Lease type
Absolute Triple Net
Remaining lease term
19 years
Building area gross
6,521 sf
Land area gross
1.44 acres
Year built
2024

Media

Investment Highlights

  • #1 fastest growing state by population in the United States
  • Absolute NNN ground lease structure with zero landlord expense responsibilities
  • Newly constructed QSR 19-year lease with 10% rent increases every five years and subject to three five-year renewal options
  • Less than one mile to the 5th most trafficked Sam's Club in the country (3.1 million visits annually)
  • Situated along NW Loop 410 Interstate, benefiting from high traffic counts of over 250,000 vehicles per day
  • Directly adjacent to two newly developed multifamily mid rises (500+ units) and 3,000 single family lots.
  • Close proximity to major national retail tenants including Home Depot, Sam’s Club, Walmart, and more
  • 7 multifamily buildings spanning over 1.200 units less than one mile from the Asset
  • 406K residents within a 5-mile radius of the Property 
  • Trophy QSR tenant with over 3,000 locations and $21.6 billion system wide sales in 2023
  • 3 miles from Methodist Hospital Campus with over 900 beds and 400K SF of medical space
Chick-fil-A - San Antonio, Texas 4_Property for Sale
Chick-fil-A - San Antonio, Texas 4_Property for Sale

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Chick-fil-A - San Antonio, Texas (0 Properties)

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Last updated
19 Sep 2024