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Restaurant

Chick-fil-A - Rare 3-Lane Drive-Thru

3800 Washington Ave, Houston, TX 77007

Listing Price: $11,625,000

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
2,700
Lease Type
Ground Lease
Rent Per Square Feet
$172.22

Investment Overview

--Prime Retail Location

-A True Trophy-Level Property Located Only 2 Miles from Downtown Houston

-Located One Block Away from Walmart and H-E-B

-Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Target, Sprouts, The Home Depot, Kroger, PetSmart and Many More

-Affluent Area with the Average Household Income Exceeding $151,000 Within 1 Mile

-Extremely High Density with Over 204,000 Residents Within 3 Miles

-High Employment Area with a Daytime Population Exceeding 1,000,000 Within 5 Miles

--Strong Corporate Guarantee

-Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market

-Chick-fil-A Annual Sales Revenue in 2024 was $22.7 Billion

-Chick-fil-A is Ranked as the #1 Performing Chicken Restaurant in the Country

-Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Investment Highlights

  • Brand New Prototype Chick-fil-A with Rare 3-Lane Drive-Thru
  • Brand New Construction, 15-Year Ground Lease
  • Located on the Corner of Two Signalized Intersections and Surrounded by Three Streets

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Chick-fil-A - Rare 3-Lane Drive-Thru

Listing Price: $11,625,000

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
2,700
Lease Type
Ground Lease
Rent Per Square Feet
$172.22

Investment Highlights

  • Brand New Prototype Chick-fil-A with Rare 3-Lane Drive-Thru
  • Brand New Construction, 15-Year Ground Lease
  • Located on the Corner of Two Signalized Intersections and Surrounded by Three Streets

Investment Overview

--Prime Retail Location -A True Trophy-Level Property Located Only 2 Miles from Downtown Houston -Located One Block Away from Walmart and H-E-B -Located on Main Retail Corridor in Close Proximity to Several Major Retailers such as Target, Sprouts, The Home Depot, Kroger, PetSmart and Many More -Affluent Area with the Average Household Income Exceeding $151,000 Within 1 Mile -Extremely High Density with Over 204,000 Residents Within 3 Miles -High Employment Area with a Daytime Population Exceeding 1,000,000 Within 5 Miles --Strong Corporate Guarantee -Absolute NNN Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Chick-fil-A Annual Sales Revenue in 2024 was $22.7 Billion -Chick-fil-A is Ranked as the #1 Performing Chicken Restaurant in the Country -Scheduled 10% Rental Increases Throughout the Initial Term Provide for an Excellent Hedge Against Inflation

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director / Chief Revenue Officer

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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