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SRS Real Estate Partners sells $4.72M Chick-fil-A ground lease in Clovis
The 15-year, absolute triple net ground lease covers a 4,847-square-foot, 2.19-acre site on W. Shaw Ave., with the buyer using a 1031 exchange.
SRS Real Estate Partners has completed a $4.72-million ground lease sale for a Chick-fil-A property at 560 W. Shaw Ave. in Clovis, according to ConnectCRE.
The deal involves a 2.19-acre site and a 4,847-square-foot building developed in 2026, with a 15-year, absolute triple net ground lease in place.
SVP Alexander Moore, a Bay Area-based investor representative, represented the seller. ConnectCRE reports the buyer is a Central Valley-based private investor using a 1031 exchange.
Moore said the transaction reflects strong demand for Central Valley investment and for Chick-fil-A properties as the brand continues to grow nationwide, with ConnectCRE citing 3,400 locations and annual Average Unit Volume of $9.3 million.