Chick-fil-A NNN Properties
Absolute NNN / Ground Lease · N/A (Private) credit · 3.75–4.75% cap rate · $3.5M–$7.0M
Why Investors Buy Chick-fil-A NNN Properties
Chick-fil-A is the most productive QSR concept in the US on a per-unit basis — generating average annual sales of $9M+ per location, roughly 3–4x the industry average for fast food. Despite being a private company without a public credit rating, Chick-fil-A's financial strength is widely regarded as exceptional: the company is debt-free, family-owned, and has never closed a franchised location for poor performance. Chick-fil-A NNN properties trade at the tightest cap rates in the QSR sector — often tighter than McDonald's — due to extraordinary demand and severely limited supply.
Lease Structure
Brand Financials
Why Investors Choose Chick-fil-A
- Highest average unit volume in US QSR — $9M+ per location, dramatically above industry average
- Zero debt, family-owned, and has never closed a franchised location — unmatched operational record
- Corporate guarantee from Chick-fil-A, Inc. — backed by exceptional private company financials
- Extremely limited supply — Chick-fil-A only opens 100–150 new US locations per year
- Highest resale demand of any QSR NNN asset — frequently off-market due to buyer competition
- Absolute NNN lease structure — truly zero-management ownership
Key Risks to Underwrite
- Private company — no public financial reporting or credit ratings
- Lowest cap rates in QSR sector — investors pay a significant premium for the brand
- Very limited availability — properties rarely come to market and trade very quickly
- Closed Sundays — 15% fewer operating days than competitors (offset by dramatically higher per-day volume)
Ideal Investor Profile
- Conservative investors prioritizing maximum brand quality and resale liquidity
- 1031 exchange buyers wanting the safest QSR NNN available
- Estate planning investors seeking the most durable long-term income asset in the QSR sector
Is Chick-fil-A Right for Your 1031 Exchange?
Chick-fil-A NNN properties are a popular 1031 exchange destination for investors who want to eliminate active management while preserving their equity in a nationally recognized corporate-guaranteed asset. With typical prices of $3.5M–$7.0M, these properties fit a wide range of exchange equity positions. The Absolute NNN / Ground Lease structure means your 1031 replacement property comes with zero landlord obligations — ideal for investors who have sold multifamily, commercial, or other management-intensive assets and want truly passive income.
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Access Off-Market Chick-fil-A Properties
We maintain an exclusive inventory of Chick-fil-A NNN properties — many of which never appear on LoopNet or CoStar. Contact us to see what's available before it trades.