May 2, 2022 – Justin Spillane of Horvath & Tremblay has successfully completed the sale of a Chick-Fil-A in Bedford, Texas. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $3,013,698.
Chick-Fil-A is located at 1850 Central Drive in Bedford, Texas. The new construction Chick-Fil-A was completed in 2020 and sits on 0.74-acres of land. Chick-fil-A has more than 13 years remaining on an absolute triple-net ground lease with three, 10-year renewal options and one, 5-year option. The Chick-fil-A Lease calls for 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Chick-Fil-A is well positioned on a corner lot at the signalized intersection of Airport Freeway and Central Drive. The Property has outstanding visibility, frontage and access and is surrounded by national retailers and restaurants. The area is densely populated and is home to the Texas Health Harris Methodist Hurst-Euless-Bedford Hospital and is approximately 7-miles from Dallas Fort Worth International Airport.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.