New Chick-fil-A Investment
502 FM700, Big Spring, TX 79720
Freestanding, drive-thru Chick-fil-A in Big Spring, Texas.
Type:Retail
Property size:
4,930 SFPrice / SF:
$1,298/SF- Added:
- Oct 12, 2023
- Days on Market:
- 946
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 502 FM700
General Information
- Standard status
- Active
- Size
- 4,930 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Matthew Mousavi License #CA 01732226
Listing office SRS Real Estate Partners Newport Beach
Listing date Oct 12, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- Brand new 15‑year absolute NNN lease with Chick‑fil‑A, Inc.
- Corporate signed lease with 13 (5‑year) options to extend.
- Features 10% rental increases every 5 years.
- New construction (2023) with drive‑thru.
- Located at a signalized hard corner with high traffic counts (over 18,000 VPD).
- Adjacent to a Walmart Supercenter and near other national/credit tenants.
Overview
This is a freestanding, corporate-signed, drive-thru equipped Chick-fil-A investment property in Big Spring, Texas. The property has a brand new 15-year lease with 13 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Founded in 1967, Chick-fil-A serves freshly prepared food in more than 2,700 restaurants in 47 states, Washington, D.C., and Canada. Slated to open in November of 2023, the site will feature new construction, a modern design, and amenities. Chick-fil-A is located at the signalized intersection of E Mercy Drive and Goliad Street, which serves over 18,000 vehicles per day. The site benefits from nearby access to U.S. Highway 87 (14,900 VPD) and Interstate 20 (10,200 VPD). The site is adjacent to a Walmart Supercenter anchored shopping center. Other nearby tenants include H-E-B, Harbor Freight, Boot Barn, Family Dollar, and Whataburger. The asset is positioned between Howard College (8,964 students) and the Big Spring VA hospital. The 5-mile subject trade area is supported by more than 29,000 residents and 11,000 daytime employees who earn an average household income of more than $80,000. The property size is 4,930 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Compact Power Equipment ...
(Bike/Boat/Book/etc) Store
Chick-fil-A
Restaurant
Location Insight
- Map
- Local Demand
- City
- Big Spring
- County
- Howard
- State
- Texas
- Longitude
- -101.462888
- Latitude
- 32.23214
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Freestanding, drive-thru Chick-fil-A in Big Spring, Texas.
Where is this drive through restaurant located?
The property is located at 502 FM700 Big Spring, TX.
What is the asking price?
The asking price for this property is $6,402,000.
What are key features of this property?
This property features: Brand new 15‑year absolute NNN lease with Chick‑fil‑A, Inc.; Corporate signed lease with 13 (5‑year) options to extend.; Features 10% rental increases every 5 years.
