1161 Highway 290 E - Fast Food FOR SALE


Brenham, TX 77833
$6,418,000 USD
480-221-4221
1161 Highway 290 E, Brenham, TX for Sale
$6,418,000 USD
Fast Food - FOR SALE
1/9
null | 4.5% Cap Rate

1161 Highway 290 E
Brenham, TX 77833


HIGHLIGHTS

  • Approximately 14 Years Remaining | Scheduled Rental Increases | Well-Known & Established Tenant | Corporate Signed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Income Tax-Free State
  • Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Located Along U.S. Highway 290 (45,600 VPD) | Excellent Visibility & Access | Newly-Constructed QSR | Open & Operating | “Mobile Thru” Equipped
  • Dense, Regional Retail Corridor | Hospitality Cluster | Strong National/Credit Tenant Presence

OVERVIEW

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, drive-thru equipped, Chick-fil-A investment property located in Brenham, Texas. The tenant, Chick-fil-A, Inc. has approximately 14 years remaining on its 15-year lease with 13 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor in an income tax free state. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. The site features brand new construction, a modern design, and first-class amenities. Lastly, the property will be equipped with a “Mobile Thru” lane, a new concept / initiative from Chick-fil-A that adds an additional lane solely for customers who place their order ahead via the Chick-fil-A app. This feature will optimize the experience for customers and make processes more efficient for the restaurant.

FOR SALE DETAILS

PRICE

$6,418,000 USD

PRICE/SF

$1,302 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A | 14+ Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

Commercial

APN/PARCEL ID

3979-000-00200

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.