Chick-fil-A (Ground Lease)

 Louisville, KY

Asking Price


Cap Rate




Louisville MSA


Square Feet

4,450 SF


Year Built



New Drive-Thru QSR

2-Lane Access


Excellent Visibility

190K+ VPD

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  • Best-In-Class Operator with Corporate Guaranty: Chick-fil-A, Inc. is by far the strongest unit-level QSR operator in the U.S., with total sales exceeding $18.8 billion across over 2,800 locations. In 2021, freestanding, corporate stores recorded an average unit sales volume of $8.1 million.
  • Louisville MSA: Louisville is the 29th largest city in the U.S. with a population of 628,594 and metro population of 1.3 million. The Louisville MSA economy ranks top 50 in the U.S., with a metro GDP of $63.6 billion. The Louisville MSA population grew by 6.9% between 2010 - 2020.
  • Long-Term Absolute NNN Ground Lease: The Tenant is subject to a newly executed, 15-year ground lease, providing income security through March 2039 and
    four, five-year renewal options. Tenant is responsible for 100% of operating expenses and maintenance obligations, providing complete passiveness and income net of all ownership costs.
  • New Drive-Thru QSR with Large Parcel: The Property features a brand-new 4,450 SF restaurant with a 2-lane drive-thru and oversized 2.2 AC parcel. The lot accommodates 72 parking spaces and stacks 28 cars in the drive-thru.
  • Rental Increases Every 5 Years: The lease provides 10% rental increases every 5 years in the base term and continuing through each five-year renewal option. This structure provides stable rent growth, increasing returns while hedging inflationary risk.
  • Excellent Visibility: The Property features direct frontage on Breckenridge Lane (40K+ VPD) and convenient access to I-264 (156K+ VPD).
  • Strong Demographics: The Property benefits by a dense, affluent base of 188,237 residents (5-mile) earning an average household income of $116,312 annually (1-mile).

Exclusively Listed By

In Association With:

Brad Pepin

Kentucky Broker License #246584


6120 S Yale Ave, Suite 300
Tulsa, OK 74136