Chick-Fil-A

Chick-Fil-A

Chick-Fil-A
2150 Bloomingdale Avenue
Valrico, Florida 33596

$2,670,000

Cap Rate 3.75%
Gross Leasable Area (GLA) 4,971 Sq.Ft.
Price Per Square Foot (GLA) $537
Year Built 2016
Lot Size 1.17 Acres
  • Brand New Absolute NNN Corporate Ground Lease
  • Strong National Tenant
  • Significant Rent Increases
  • Growing Retail Corridor
  • Low Tax Burden
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Chick-Fil-A (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Chick-fil-A is the industry-leading quick-service service chicken restaurant chain. Headquartered in the Atlanta suburb of College Park, Georgia, the company was founded in 1946 by S. Truett Cathy and is family owned and privately held. Chick-fil-A sales exceeded $6 billion in 2015, which marked 48 consecutive years of sales growth. The company’s growth is concentrated in its original geographic base in Southern suburban areas.

Chick-fil-A retains ownership of each restaurant. Strong franchised restaurant operators demonstrate a low franchisee turnover rate of less than 5% per year. The first Chick-fil-A opened in 1967 in suburban Atlanta. Today, their portfolio of innovative restaurant concepts includes well-located Mall/In-Line Retaurants, Stand- Alone Restaurants, Drive-Thru Only Outlets and licensed locations at college campuses, hospitals and airports.

For More Information, Please Contact:

Jim Shiebler

Associate
(239) 340-7811
Jim.Shiebler@MarcusMillichap.com