Chick-fil-A | Brand New 2026 Construction | 15-Year Abs. NNN Ground Lease

Exceptional Single-Tenant Net Lease Opportunity in the Indianapolis MSA

Lee & Associates is pleased to exclusively offer for sale a fee-simple interest in a newly constructed Chick-fil-A ground lease located in Franklin, Indiana. Positioned along the rapidly expanding south Indianapolis growth corridor, this premium commercial real estate asset offers institutional and private investors a rare opportunity to acquire a single-tenant net-leased asset backed by one of the strongest and most sought-after corporate credit tenants in the restaurant industry.

Cutting-Edge Prototype on a High-Visibility Corner

Situated on a generous 1.54-acre parcel at the signalized hard-corner intersection of N. Morton Street and Commerce Drive, the property features Chick-fil-A’s latest next-generation restaurant design:

• Building Size: 5,512-square-foot standalone QSR facility.

• Modern Amenities: Next-generation double-stacked drive-thru lane layout optimized for high throughput, 61 dedicated parking spaces, and a 345-square-foot outdoor dining patio.

• Strategic Relocation: Chick-fil-A strategically upgraded and expanded into this larger, next-generation prototype to meet soaring regional demand, signaling deep corporate commitment to the Franklin trade area.

Premier Corporate Credit & Inflation-Protected Lease Terms

The asset is secured by a 15-year Absolute NNN ground lease corporately guaranteed by Chick-fil-A, Inc.—a powerhouse operator with more than 3,000 locations nationwide and over $10 billion in annual system sales.

• Zero Landlord Responsibilities: True hands-off, passive ownership with no maintenance, repair, or structural management obligations.

• Long-Term Growth: Features attractive 10% rental increases every five years throughout the initial 15-year primary term and continuing across all renewal option periods, offering a predictable hedge against inflation.

High-Traffic Infill Location Surrounded by Top-Tier Anchors

The property commands high visibility and seamless ingress/egress along N. Morton Street, capturing daily traffic counts exceeding 34,500 vehicles per day. It sits immediately adjacent to a high-performing Meijer-anchored center and is surrounded by major national retailers generating continuous regional customer draw:

• Retail Anchors: Walmart Supercenter, Lowe’s, Kroger, Kohl’s, and Meijer.

• Surrounding Dining Concepts: Starbucks, Chipotle, Freddy’s Frozen Custard & Steakburgers, and McAlister’s Deli.

Thriving Suburban Demographics & Regional Growth Drivers

Franklin is a key suburban growth engine within Johnson County, located just 24 miles south of downtown Indianapolis with quick access to Interstate 65. The trade area is characterized by robust residential expansion, new multi-family development (such as The Post luxury apartment complex under a mile away), and major industrial and logistics hubs.

• 5-Mile Population: Over 45,000 residents across nearly 17,000 households.

• Affluent Household Incomes: Average annual household income within a 5-mile radius exceeds $106,000.

Backed by corporate credit, zero landlord obligations, high-throughput drive-thru infrastructure, and prime placement in an expanding Midwest market, this asset represents a flagship single-tenant ground lease investment.