Chick Fil-A - Texas City

Asset Type

Retail

Address
3440 Palmer Hwy Texas City, IL United States 77590
Asking Price

Contact for pricing

Sq Footage

4,500

Year Built

N/A

Cap Rate

N/A

Additional Attributes
Current / Passing Rent S$161,000
Escalations 10% every 5 years
Lease Commencement 2019-02-01
Lease Expiration 2034-01-31
Lease Type NNN
Options 6 x 5 years
Tenant Chick-fil-A Inc

Property Description

JLL, on behalf of the owner, is pleased to exclusively offer for sale the newly constructed Chick-Fil-A (the “Property”) pad site at Palmer Plaza in Texas City, TX, just southeast of Houston. Chick-fil-A occupies ±0.9129 acres of land in Texas City, TX and has signed a 15-year absolute bondable NNN lease which commenced on February 7th, 2019. Shadow anchored by two leading grocery stores, HEB and Aldi, Chick-fil-a is well-positioned in a location with a high volume of foot traffic, which is also generated by a third grocery store, Kroger, located across Palmer Highway. This opportunity offers investors a stable asset with a high quality, investment grade tenant and no landlord responsibilities. 

Investment Highlights

  • 15-year absolute NNN lease
  • Shadow anchored by two leading grocery stores, HEB and Aldi
  • Well-positioned in a location with a high volume of foot traffic
  • Located on the northeast corner of Palmer Highway and 36th Street North in Texas City
Listing Contacts
Adam Friedlander
Adam Friedlander
VP, Capital Markets
+65 3159 4021
CA - 1806555
Ryan West
Senior Managing Director
+65 3159 4021
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