Chick-fil-A | New 15yr Abs NNN | Drive-Thru | 4930 Oakdale Blvd
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Chick-fil-A | New 15yr Abs NNN | Drive-Thru 4930 Oakdale Blvd
4,987 SF Retail Building Marianna, FL 32448 £4,843,671 (£971/SF) 4.50% Net Initial Yield
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases |Corporate Signed | New Construction
- Fast Food Corridor | Interstate 10 (23,500 VPD) |Drive-Thru Equipped | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Rare Depreciable Asset
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate signed, Chick-fil-A investment property located in Marianna, FL. The tenant, Chick-fil-A, Inc., recently signed a brand new 15-year lease term with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Additionally, this property features state-of-the-art, brand new construction with modern design.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,987 SF
Building Class
B
Year Built
2023
Price
£4,843,671
Price Per SF
£971
Net Initial Yield
4.50%
NOI
£217,972
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Land Acres
2.36 AC
Zoning
C - Commercial
Parking
19.25 Spaces per 1,000 SF Leased
Frontage
454 ft on Florida 71
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
Parcel Number | 25-4N-10-0000-0130-0010 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £3,405 |
PROPERTY TAXES
Parcel Number
25-4N-10-0000-0130-0010
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£3,405
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Chick-fil-A | New 15yr Abs NNN | Drive-Thru | 4930 Oakdale Blvd
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