Chick-fil-A 1917 Pipestone Rd

SRS National Net Lease is pleased to offer the opportunity to purchase the leased fee interest (land ownership) in an absolute NNN, drive-thru equipped, newly built, Chick-fil-A investment property located in Benton Harbor, MI. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease with 12 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features 7.50% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1967, Chick-fil-A is among the most popular quick service chains in the United States with over 3,000 operating locations.
Chick-fil-A is strategically located along Pipestone Road with clear visibility and access to an average of 9,300 vehicles passing by daily. The asset benefits from nearby access onto Interstate 94 (56,700 VPD), making it a centralized location with easy commutes. The property is ideally situated within a dense retail trade area and is adjacent to Pipestone Plaza (177K+ SF), Fairplain Plaza (351K+ SF), and Orchards Mall (527K+ SF), 3 major shopping centers. The surrounding national/credit tenants include The Home Depot, ALDI, Meijer, Lowe’s, Walmart Supercenter, Kohl’s, and others. The strong trade area drives a loyal, local consumer base to the area, promoting crossover exposure and supporting the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Harborview (156 units), Barrick Village (178 units), Briarwood Apartments (370 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 48,500 residents and 31,800 daytime employees, with a healthy average household income of $90,176.