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Chick-fil-A Plans 115 New NNN Locations in 2026 - Cap Rates at 4.2%
Premium QSR tenant commands lowest cap rates in single-tenant retail
February 23, 2026•schedule2 min read•Source: NNN Research
Chick-fil-A's 20-year ground lease structure and corporate guarantee continue to make it the most sought-after NNN tenant. New locations are trading at 4.0-4.5% cap rates with 10% rent escalations every 5 years.