Chick-fil-A NNN — Leeds, AL

Updated November 10, 2026

$2,485,000 · 4.50% CAP · 5.6 YRS

Chick-fil-A ground rent at 1808 Ashville Road in Leeds is priced at $2,485,000. That 4.50% cap uses the June 2027 rent of $111,846. Rent collected now is $103,860, a 4.18% cap on the same ask, until June 18, 2027. The lease is absolute net. About 5.6 years remain after a 2022 term reset, through June 18, 2032, plus six five-year options. The June 2027 step is 7.69%, and each option starts 10% higher. Chick-fil-A, Inc. is the corporate signatory. No refusal right is stated. The tax parcel also covers the Whataburger at 1824 Ashville Road and is in the process of being divided, so read the legal description. The picture is a representative Chick-fil-A photo, not this Leeds restaurant. The store opened in 2006 and covers about 4,729 square feet on 1.73 acres. At about 5.6 years, it is the shortest primary term among 7 Chick-fil-A listings. Listed in our November 10, 2026 deal list.

Lease Abstract

Price

$2,485,000

Cap rate

4.50% CAP

NOI

$111,846

Term remaining

5.6 YRS

Lease type

Absolute NNN Ground Lease

Increases

7.69% on June 19, 2027, then 10% at each option

Options

6 x 5-year

Guarantee

Corporate

Building

4,729 SF

Lot

1.73 AC

Year built

2006

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

4,729 SF building, built 2006, 1.73 acres of land. Ground lease priced at $1,436,416 per acre. Rent increases: 7.69% on June 19, 2027, then 10% at each option. Renewal options: 6 x 5-year. Corporate guarantee. Primary term ends around 2032 (5.6 yrs left at listing, Nov 2026).

Location

Leeds, Alabama — 1808 Ashville Road, Leeds, AL 35094. Full address and offering memorandum released on request — see our Chick-fil-A tenant guide and the Alabama market page for the underwriting context.