Commercial Real Estate Investment Offering: Chick-fil-A in Cypress, TX

Elite Corporate Guaranteed Absolute NNN Ground Lease – Prime Houston MSA 1031 Exchange Opportunity

Property Overview

• Location: Cypress, Texas (Houston Metropolitan Area)

• Offering Price: $3,506,500 (Calculated at $700/SF)

• Cap Rate: 3.85%

• Net Operating Income (NOI): $135,000

• Ownership Interest: Leased Fee (Land Only - Ground Lease)

• Gross Leasable Area (GLA): ± 5,007 SF

• Land Area: ± 1.00 Acre

• Year Built: 2024 (New Construction)

• Parking: 25 Dedicated Spaces (4.99 spaces per 1,000 SF)

Executive Summary: Corporate Chick-fil-A Absolute NNN Ground Lease

SRS National Net Lease is pleased to present a rare, trophy-status retail investment opportunity to acquire the leased fee interest (land ownership) in a single-tenant, absolute NNN leased Chick-fil-A property located in the booming, high-growth suburb of Cypress, Texas. As one of the most coveted tenants in the Quick Service Restaurant (QSR) sector, Chick-fil-A operates on a 15-year primary lease with approximately 12.9 years of firm remaining term. Highlighting their long-term commitment to this specific location, the lease features ten (10) additional 5-year renewal options, potentially securing the tenant on-site through 2089.

This high-caliber asset features a corporate guarantee from Chick-fil-A, Inc., providing an uncommonly secure, credit-backed income stream. Built as a powerful wealth-preservation vehicle, the lease includes 10% rental increases every five years throughout both the initial term and at the beginning of each option period. These scheduled escalations guarantee steady NOI growth and serve as an excellent hedge against inflation. Structured as an absolute NNN ground lease, the tenant is entirely responsible for CAM, property taxes, insurance, and all physical maintenance of the 2024-built premises. With absolutely zero landlord responsibilities, this is an ideal, entirely passive investment for a 1031 exchange buyer seeking generational real estate.

Investment Highlights & Strategic Location Drivers

• Trophy Net Lease Tenant & Corporate Guarantee: Chick-fil-A is a gold-standard industry leader with industry-leading average unit volumes (AUVs). A corporate-backed lease offers unparalleled financial security.

• Premium Leased Fee (Land Only) Structure: Ground leases provide a uniquely safe investment profile. The investor owns the underlying 1.00 acre of premium Texas land, while the tenant pays to construct and maintain the 5,007 SF building, minimizing downside risk.

• High-Synergy Retail Positioning: Strategically located in a primary retail corridor directly across from a high-volume, H-E-B anchored shopping center. H-E-B is Texas’ premier grocery driver, ensuring massive, consistent daily cross-traffic to the immediate immediate area.

• Modern QSR Infrastructure: Built in 2024, the property features a state-of-the-art building layout optimized for heavy drive-thru capacity, a critical revenue driver for modern fast-food operations, complete with 25 dedicated parking spaces.

Affluent Houston MSA Demographics & Market Profile

Cypress, Texas is recognized as one of the fastest-growing and most affluent master-planned communities within the Houston metropolitan area. The 5-mile trade area boasts exceptional economic indicators that perfectly match Chick-fil-A’s target consumer profile:

Texas operates as a tax-free income state (no state income tax), further enhancing the net yield and making this Cypress asset an incredibly competitive destination for national capital placement.