Chick-fil-A Parking Lot

Pasadena, CA
This listing is no longer available.
This listing is currently in escrow.


Asking Price: $2,450,000

NOI: $98,500

Cap Rate: 4%


Long-term (20 year) absolute NNN ground lease with Chick-fil-A, located in Pasadena (Los Angeles), CA


- Brand New 20-Year Absolute NNN Lease featuring scheduled rental increases during the initial lease term and options

- Absolute NNN Lease Structure - Tenant is responsible for everything including base rent, taxes, insurance, CAM

- Ideal 1031 Investment Opportunity for Passive Investor - No Landlord responsibilities whatsoever

- 10% increases Every 5 years through the lease term including options

- Best in Class Tenant - Chic-fil-A is the largest quick-service chicken restaurant chance in the United States, based on domestic annual

sales. Chic-fil-A also maintains a franchisee-turnover rate of less than 5% of a year. Chic-fil-A has also been ranked #1 in customer

satisfaction for the 9th straight year.

- Outstanding Location on the thoroughfare of N Lake Ave - Over 35,000 vehicles per day at the intersection. Lake Ave is a direct exit off

the 210 freeway with 350,000 Vehicles per day.

- Top Tier Los Angeles location - Zoning allows for Commercial, Mixed-Use, Multifamily, Single Family etc.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.