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Chick-Fil-A

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Location

2150 Bloomingdale Avenue
Valrico, FL

General Info

Status IN CONTRACT
Property Type Single Tenant
Other Info Triple-Net (NNN) Ground Lease
Price $2,670,000
Cap Rate 3.75%
Building Size 4,971 sq. ft.
Land Area 1.170 acres

Key Demographics

3-Mile
Radius
5-Mile
Radius
Population 71,257 173,415
Daytime Population 33,538 95,354
Median Age 40 Yrs. 38 Yrs.
Households 25,505 64,361
Avg. Household Income $93,763 $83,653
# of Businesses 1,734 5,591
# of Employees 12,945 46,734

Description

INVESTMENT HIGHLIGHTS

  • Brand New Absolute NNN Corporate Ground Lease.
    This brand new 15-year Chick-fil-A lease features a corporate guaranty and is absolute NNN with no Landlord responsibilities.
  • Strong National Tenant 
    Chick-fil-A, a privately held and family owned company, is the largest quick-service chicken restaurant chain in the United States, with annual sales that exceeded $6 billion in 2015.
  • Significant Rent Increases
    The lease features significant rent increases of 10% every five (5) years, including each of the ten (10) 5-year options.
  • Growing Retail Corridor
    Situated in front of  Crest Pointe Town Shoppes, a 43.52 acre mixed-use develop-ment anchored by a new Walmart Supercenter, the site offers excellent visibility and frontage on highly traveled Bloomingdale Avenue. Surrounding retailers include Publix, The Fresh Market, CVS, Walgreens, Verizon, Stein Mart and Bealls, among others.
  • Low Tax Burden
    With no personal income taxes imposed in Florida, the state features one of the lowest tax burdens in the country.
  • Superior Demographics
    Within one mile of the property, the median household income is $92,277, which is  94.4% higher than the statewide average.  Retail expenditures average $2,791 per household per month.
  • Excellent Location
    Located in the Tampa-St. Petersburg-Clearwater MSA, the area boasts a robust, diverse economy with 19 corporate headquarters, eight of which are Fortune 1000 companies.  MacDill Air Force Base contributes $5 billion annually to the greater Tampa Bay economy.
  • Impressive Tourism Dollars
    In 2014, 20.8 million visitors spent $35 billion in Hillsborough County  and generated almost $330 million in state and local tax revenues.  
  • Highly Trafficked Intersection
    Bloomingdale Avenue - 26,000 ADT, Lithia Pinecrest Road - 19,000 ADT