Chick-fil-A Ground Lease | 1805 Parmer Ln
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Chick-fil-A Ground Lease 1805 Parmer Ln
2,702 SF Retail Building Austin, TX 78754 £2,949,107 (£1,091/SF) 3.75% Net Initial Yield
Investment Highlights
- 15-Year Corporate Absolute Net Ground Lease
- Scheduled 10% Rental Escalations Throughout Primary Term
- Chick-fil-A has Highest Average Unit Volume Among QSR Users
- No Landlord Maintenance Responsibilities
- Brand New Drive-Thru Only Prototype Featuring Double Drive-Thru Component and Outdoor Seating Area
- Less than 10 Miles from The University of Texas at Austin
Executive Summary
The subject property is ideally located with excellent access and visibility adjacent to Whataburger along East Parmer Lane (27,950 AADT) adjacent to its junction with Dessau Road (26,733 AADT). The site benefits from robust demographics with a total daytime population of 256,004 within 5 miles of the site. Average household income within 3 miles of the property is $109,291, and average home value within a 1 mile radius of the site is expected to increase 34% by 2029.
The site benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, and employers. Major employers in the surrounding area include Dell, Samsung Austin Semiconductor, and St. David’s Healthcare. The Samsung Austin Semiconductor plant is on a 300-acre tract of land just a mile from the site. In operation since 2011, it currently employs more than 3,000 and occupies 2.45 million square feet of floor space. The facility is one of the most advanced microchip manufacturing facilities in the world.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
The site benefits from a prominent retail location in close proximity to shopping centers, major retail tenants, and employers. Major employers in the surrounding area include Dell, Samsung Austin Semiconductor, and St. David’s Healthcare. The Samsung Austin Semiconductor plant is on a 300-acre tract of land just a mile from the site. In operation since 2011, it currently employs more than 3,000 and occupies 2.45 million square feet of floor space. The facility is one of the most advanced microchip manufacturing facilities in the world.
This property is listed in conjunction with Texas-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,702 SF
Year Built
2025
Construction Status
Under Construction
Price
£2,949,107
Price Per SF
£1,091
Net Initial Yield
3.75%
NOI
£110,601
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
1.21 AC
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Chick-fil-A Ground Lease | 1805 Parmer Ln
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