2273 E Main St, Alice, TX

This property features a brand-new 15-year absolute NNN lease, offering stable cash flow with zero landlord responsibilities and thirteen 5-year options to renew. The lease includes 10% rent increases every 5 years throughout the initial term and option periods. The property is corporately guaranteed by Chick-fil-A, Inc., a tenant with over $18.8 billion in annual revenue and more than 3,000 locations across 48 states. The new construction, reflects Chick-fil-A’s latest prototype design. The restaurant measures 4,933 square feet and is situated on a 1.67-acre parcel. It includes a double-thru bay with a 40-car stack, 70 parking spaces, and 116 total seats. The location benefits from high traffic, with over 22,500 vehicles per day on E. Main Street (TX-44) and an additional 8,170 vehicles per day on Flournoy Rd (FM-1931). Excellent highway visibility and a large pylon sign provide maximum exposure. The surrounding area has strong demographics, with more than 20,000 residents in a 5-mile radius and average household income exceeding $111,000 within a 1-mile radius. Over 2.73 million square feet of industrial and office space and 2.63 million square feet of restaurant and retail space are within a 5-mile radius, resulting in a high daytime population of over 9,800 employees across more than 900 businesses. It is strategically positioned next to a Walmart Supercenter and directly across TX-44 from the 135-bed Christus Spohn Hospital, which had over $424 million in total patient revenue in 2022. The property is approximately 1.2 miles from Alice High School, which has over 1,275 students enrolled.