Chick-fil-A - San Antonio, Texas

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.