1647 MS-1 · Greenville, MS 38701 · QSR / Restaurant
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14.7 years of term remaining
Thirteen, 5-year options
10% rent increases every 5 years throughout
The Lennox/Massell Companies is pleased to present the opportunity to purchase the fee simple interest in an absolute net Chick-fil-A located in Greenville, Mississippi. The absolute net lease structure offers investors the opportunity to own a completely passive investment with zero landlord responsibilities. The 15 year primary term, with multiple renewal options and rent increases throughout, demonstrates commitment to the location and confidence in the market.
The 4,958 SF building was completed in 2023 with rent commencing in August 2024. The newly constructed building represents Chick-fil-A’s latest prototype including multiple drive-thru lanes to support extremely efficient customer service.
This recently completed build-to-suit is strategically situated as an outparcel to the Greenville Mall; home to Five Below, TJ Maxx Shoe Department and Belk. Other area retailers include Lowe’s, Walmart, Kroger, Harbor Frieght, Petsense by Tractor Supply, Taco Bell, McDonald’s and Sherwin Williams.
Chick-fil-A fronts Highway 1 with traffic counts of 22,000+ VPD according to MDOT. In addition to being centered in a dense concentration of single family and multi-family housing, this site is also in close proximity to Akin Elementary, Washington School and Greenville High School with more than 2,000 students enrolled. Directly across the street is the Elwyn Watts Recreation Center and the Hodding Carter Memorial YMCA. All of these critical mass factors make this another ideal location for Chick-fil-A.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.