STREAM Capital Partners > Properties > All Properties > Chick-Fil-A

Chick-Fil-A

Net Lease

NWC Florida Ave S & Shepherd Rd, Lakeland, Florida
Ownership Type:
Owner/User
Price:
$5,200,000
Cap Rate:
4.00%
Current Rent:
$208,000
Tenancy:
Single Tenant
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
8, 5 Year Options
Building Sq. Ft.:
5,335 SF
Rent Increases:
10% Every 5 Years including Option periods
Site Size:
2.18 Acres

Investment Highlights

  • New Construction Chick-fil-A: Brand new 15-year ground lease with Chick-fil-A on over 2 acres offering 10% rental increases every 5 years.
  • Top Performing Brand: Chick-fil-A remains the #1 fast-food chicken brand in the U.S., with over $20 billion in 2023 sales, reflecting a 14.7% year-over-year increase and continued nationwide momentum.
  • Prime Location in High-Growth Market: Located on Florida Avenue South, one of Lakeland’s primary retail corridors, surrounded by strong national tenants including Publix, Walmart, Aldi, 7-Eleven, Starbucks, Home Depot, and Walgreens—all driving consistent foot traffic.
  • Strong Demographics & Demand Drivers: More than 140,000 residents within 5 miles, with average household incomes in excess of $100K in 3 miles. Lakeland is a key commuter hub between Tampa and Orlando, with robust daytime traffic from both residential and business populations.
  • Superior Visibility & Accessibility: Excellent frontage on Florida Avenue South, a high-traffic thoroughfare with 55,000+ vehicles per day at the intersection, offering exceptional visibility and direct access.
Ownership Type:
Owner/User
Price:
$5,200,000
Cap Rate:
4.00%
Current Rent:
$208,000
Lease Type:
Ground Lease
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
8, 5 Year Options
Building Sq. Ft.:
5,335 SF
Rent Increases:
10% Every 5 Years including Option periods
Site Size:
2.18 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record: Sasha Dominguez, Lic. #BK3339010

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