Tenant: Chick-fil-A Premises: 4,505 SF Renewal Options: 8 x 5 Years
Lease Expiration: 8/31/2032 Lease Type: Absolute NNN Rental Increases: 10% Every 5 Years
New 15 Year Absolute NNN Lease
Brand New Construction
10% Rent Increase Every 5 Years
Eight (8) x Five (5) Year Renewal Options
First Ever Built-to-Suit for Chick-fil-A in the Southwest Region While Still Maintaining Absolute NNN
Outstanding Location With Immediate Access Off Lubbock’s Beltway (W Loop 289)
Less Than Two Miles from Texas Tech University – Student Population of Over 35,000
Located Within Walking Distance of Over 640 Multifamily Units
Population of Over 155,000 Within a Five Mile Radius
Located Along a Dense Retail Corridor with Strong Traffic Counts with Over 56,000 VPD at Intersection of W Loop 289 and 4th Street
Neighboring Tenants Include: Walmart Supercenter, Dollar Tree, Big Lots, Walgreens, Sonic Drive-In, Pita Pit, Wendy’s and McDonald’s
In Cooperation with Sands Investment Group Austin, LLC – Lic# 9004706
Atlanta-based Chick-fil-A, Inc. is a family owned and privately held restaurant company founded in 1967 by S. Truett Cathy. Devoted to serving the local communities in which its franchised restaurants operate, and known for its original chicken sandwich, Chick-fil-A serves freshly prepared food in more than 2,100 restaurants in 46 states and Washington, D.C.
Chick-fil-A system sales exceeded $6 billion in 2015, which marks 48 consecutive years of sales growth. Chick-fil-A earned a top spot in the 2016 Customer Service Hall of Fame for the third year in a row and is the only quick service restaurant to make the top five of the Customer Service Hall of Fame. The company was also the only restaurant brand named to the Top 10 “Best Companies to Work For” by 24/7 Wall Street, and the only restaurant brand rated “excellent” in the 2016 Temkin Emotion Ratings study. More information on Chick-fil-A is available on the chain’s website located at www.chick-fil-a.com.