Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale an Absolute NNN ground lease Chick-fil-A located in Renton, WA, a dense Seattle-Tacoma MSA submarket. The lease has over 9 years remaining on the original 15-year lease, featuring 10% rent increases every five years and eight 5-year renewal options, ensuring long-term, inflation-protected income. The Absolute NNN ground lease structure provides zero landlord responsibilities, delivering truly passive cash flow. Backed by a corporate guarantee from Chick-fil-A, Inc.—the nation’s leading quick-service chicken chain with over 3,200 locations and a franchisee turnover rate under 5%—this investment is anchored by one of the most respected brands in the QSR industry. Strategically located at a high-visibility, signalized intersection with 58,000+ VPD, the site offers excellent access and visibility. It is minutes from Westfield Southcenter Mall (featuring over 7.5M annual visitors and ranked in the top 1% of shopping centers nationally, per Placer.ai) and Boeing’s 737 manufacturing plant, both major economic drivers in the region. Built in 2019 to Chick-fil-A’s latest design standards, the property features a double drive-thru, 48 parking spaces, and sits on a 0.93-acre parcel. Surrounded by a dense, affluent population of over 262,000 residents with average household incomes exceeding $122,000, and located in income tax-free Washington State, this asset offers a compelling combination of stability, growth, and long-term value.