Retail
Under Contract

Chick-fil-A - Eden Prairie

SWC Prairie Center Dr & Flying Cloud Dr, Eden Prairie, MN, 55344, US

Chick-fil-A - Eden Prairie_Property for Sale

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Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a Chick-fil-A located in Eden Prairie, Minnesota, just minutes from downtown Minneapolis. Chick-fil-A has recently signed a 20 year ground lease, securing the investment for years to come. This investment presents a unique opportunity to obtain steady, reliable cash flows from while having minimal management responsibilities with the ground lease structure.

Attributes

Asking Price
$3,714,000
Building area gross
5,000 sf
Occupancy
100.00%
Year built
2022

Investment highlights

HIGHLY DEMANDED CREDIT TENANT

Chick-fil-A is an ideal tenant for real estate owners as the restaurant is a signal of a high-quality and well positioned shopping center

GROUND LEASE WITH BELOW MARKET RENT

The Flying Cloud site carries a lower rental rate than many of the other Chick-fil-A sites around the Twin Cities metro

20 YEAR LEASE WITH 10% BUMPS EVERY 5 YEARS

Chick-fil-A has recently signed a 20 year lease with options that continue for four decades after the initial term expires

STRONG DEMOGRAPHICS IN SOUGHT AFTER SUBURB

Within a five-mile radius, the area contains nearly 150,000 residents, providing a strong consumer base

DENSE RETAIL CORRIDOR NEAR MAJOR HIGHWAYS

The property is located in a dense retail corridor featuring national giants such as Walmart, Target, Best Buy, Costco, and more

TWIN-CITIES METROPOLITAN SUPPORT

The property is located within the Twin Cities’ MSA just 20 minutes from downtown Minneapolis and only 10 minutes from MSP International Airport



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Last updated
Oct 24, 2022