Chick-fil-A, a play on the American English pronunciation of “fillet”) is an American fast food restaurant chain headquartered in the Atlanta district of College Park, Georgia, specializing in chicken sandwiches.Founded in May 1946, it operates more than 2,200 restaurants, primarily in the United States. The restaurant serves breakfast before transitioning to its lunch and dinner menu. Chick-fil-A also offers customers catered selections from its menu for special events.Many of the company’s values are influenced by its founder’s Southern Baptist beliefs; all Chick-fil-A restaurants are closed for business on Sundays as well as on Thanksgiving and Christmas.

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S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN and Ground lease  

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Tenant Overview

In a sea of burger chains and taco joints, Chick-fil-A stands out in more ways than one.

Stepping into the iconic red-and-white buildings, customers find a simplified menu board of chicken sandwiches and waffle fries and not a single digital ordering kiosk in sight. The privately held chicken restaurant is known for its customer service and quality ingredients, often shunning over-the-top, limited-time offers and technology in favor of a simple menu and personal service.

These investments are typically in high demand, tranlasting into lower cap rates despite currently being a privately held company. It is important to note that the leases are typicaly ground leases for these locations.


  • Unique Business Model
  • Currently in expansion stage
  • Typically Long term leases with increases


  • Currently Not Rated
  • Typically High Price Per Square Foot

Market Snapshots:

On Market Ranges:

# of Properties in set: 5

Price: $2,547,150 - $3,220,540Average: $2,927,760

PPSF: $570 - $660Average: $608

Year Built: 2000 - 2016Average: 2012

CAP Rate Range: 3.93% - 4.97%Average: 4.52%

Size range: 4,310 sq ft - 5,173 sq ft Average: 4,805 sq ft

Last 12 Month Range:

# of Properties in set: 18

Price: $1,385,730 - $1,686,970Average: $1,506,227

PPSF: $318 - $383Average: $342

Year Built: 1996 - 2017Average: 2009

CAP Rate Range: 3.75% - 4.89%Average: 4.37%

Size range: 2,200 sq ft - 5,166 sq ft Average: 4,301 sq ft

Chick-Fil-A Company Profile

Headquarters Information

Atlanta, Georgia

Founded in 1946

Company type: Private

Sector: Services

Industry: Restaurants

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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