Tenant: Chick-fil-A | Oxnard, CA
Premises: 2,500 SF
Renewal Options: 4 x 5 Years
Lease Type: Absolute NNN Ground Lease
Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Present For Sale the Chick-fil-A Ground Lease Located in Oxnard, California. Chick-fil-A Recently Signed a Long Term 20-Year Absolute NNN Ground Lease With Four (4) By Five (5) Year Options to Extend, and 10% Rental Increases Throughout the Initial Term and at the Beginning of Each Option Period. The Subject Property is Strategically Located Off the 101 Ventura Freeway and Oxnard Boulevard Exit Which Sees Nearly 160,000 Vehicles Per Day. This Offering Presents the Opportunity to Acquire a Well Located Brand New Construction Asset With a Growing NOI and Zero Landlord Responsibilities, Making it an Ideal Management Free Investment Opportunity For a Passive Investor.
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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Atlanta-based Chick-fil-A, Inc. is a restaurant company known for the Original Chick-fil-A®Chicken Sandwich and signature hospitality. Represented bymore than 190,000 Team Members, Operators and Staff,Chick-fil-A®restaurants serveguests freshly prepared food atmore than2,800 restaurants in theUnited States, Puerto Ricoand Canada.The family owned and privately held restaurant company was founded in 1967 by S. Truett Cathy and is committed to serving the local communities in which its franchised restaurants operate. Known for its leadership and growth opportunities, in 2022 Chick-fil-A was named a Best Employer in America by Forbes and a top company for career opportunities for Black employees by Glassdoor. The company was also awarded the Employee’s Choice by Glassdoor honoring top CEOs and was named a Culture 500 Culture Champion in 2020. A leader in customer service, Chick-fil-A was named QSR magazine’s Drive-Thru Restaurant of the Year in 2021.