Chick-fil-A | New 15-Year NNN Ground Lease | Pad to… — Sale in Crestview (Destin Msa), FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Crestview (Destin Msa), FL 32539

Photos

Chick-fil-A | New 15-Year NNN Ground Lease | Pad to… — Sale in Crestview (Destin Msa), FL, photo 1 of 2
Chick-fil-A | New 15-Year NNN Ground Lease | Pad to… — Sale in Crestview (Destin Msa), FL, photo 2 of 2

Investment Figures

Cap rate
4.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Chick-fil-A Ground Lease in Crestview, Florida. Investment Highlights: • 15-Year Absolute NNN Ground Lease with 8% Increases Every 5 Years • Corporate Guaranty from Globally Recognized Chicken Restaurant Chain with 3,400+ Locations • 3rd Largest Quick-Service Restaurant Company in the U.S. with $24 Billion in Systemwide Sales • Chick-fil-A Averages $9.1 Million in Unit-Level Sales, Equates to a 1.6% Rent-to-Sales Ratio at This Location • Significant Tenant Capital Investment to Build a New Prototype Restaurant with a Dual Drive-Thru • Serving 64,000+ Residents in Northwest Florida's "Hub City" and Rapidly Growing Trade Area • Strategically Location in One of Okaloosa County's Fastest-Growing Commercial and Residential Corridors

Market Context

This food service in Crestview (Destin Msa), FL is listed for sale. It is offered at an approximate 4.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Crestview (Destin Msa), FL — view the full market.

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