502 Fm 700 Big Spring, TX 79720

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.