SRS Garners 30% Market Share of Chick-fil-A Property Sales

SRS Real Estate Partners Capital Markets, based in Newport Beach, said that over the past 12 months, the firm has sold a total of 10 properties occupied by Chick-fil-A valued at $48 million with an average cap rate of 4.2%. The company said this figure gives it a 30% market share for all Chick-fil-A-occupied assets sold over the same period, the largest among all other brokerage firms nationwide.

“SRS has built a reputation for its national network of experienced single-tenant net lease brokers that have connections with a diverse buyer pool interested in building their portfolios with stabilized, cash-flowing real estate inclusive of our Chick-fil-A leased assets,” said Patrick Luther, a managing principal with SRS Capital Markets. “As an investment, Chick-fil-A leased properties provide triple net buyers an opportunity to own a best-in-class asset with the strongest credit and highest average store sales of any brand in the drive-thru fast-food space.”

He added that SRS currently has 15 Chick-fil-A assets on the market valued at $85.5 million, including two in escrow. This also represents 30% market share of all Chick-fil-A stores up for sale.