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3502 W Camp Wisdom RdDallas, TX 75237
Chick-Fil-A Ground Lease
Asset ClassRetail
Cap Rate4%
Occupancy: 100%Year Built: 2023Land: 1.53 AcresAccess Data Room
Highly Sought After Corporately Backed Chick-fil-A Ground Lease
overview of deal

Overview

Cushman & Wakefield’s Capital Markets Team is pleased to present the opportunity to acquire a 1.53 acre 15-Year Chick-fil-A Ground Lease at 3502 W. Camp Wisdom Road (the “Property”). The Property is located at the entrance to the newly redeveloped Shops at RedBird. The Property is Ground Leased to Chick-fil-A Corporate, and construction commenced in June with a projected opening in November 2023.

 

This opportunity provides investors the unique chance to acquire a highly sought-after ground lease to Chick-fil-A, one of the country’s most successful fast-food franchises. Chick-fil-A continually ranks first among other chicken based fast food establishments and is ranked #1 in customer loyalty among all fast-food restaurants. According to CreditIntel.com Chick-fil-A has seen an over 14% increase in their average sales per store over the past 12 months bringing the average to over $3.9M per restaurant.

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Investment Highlights

 

  • Annual Base Rent: $155,000
  • Corporately Backed
  • New Construction
  • 15-Year Term
  • November 2023 Commencement
  • 10% Rent Bumps Every 5 years
  • Ten (10) Five-Year Renwal Options
  • Price: $3,875,000
  • Cap Rate: 4.00%
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3502 W Camp Wisdom RdDallas, TX 75237
The Shops at RedBird
Dallas College
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Listing provided by Revere CRE