Chick-fil-A Ground Lease Market Report Summary
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Every sale and listing, plus the numbers behind each chart.
Closed Chick-fil-A ground leases traded at a 4.20% median cap rate across 36 sales, Nov 2022 to Oct 2026; listings ask 4.15%, about 5 bps tighter than trades.
Market report · Data through · Updated · The Finem Group
- Average sold cap rate, 2026
- 4.26%
- 8 sales
- Median asking cap rate
- 4.15%
- 21 listings
- Average rent per acre
- $95K
- 36 sales
- Average rent per site
- $164K
- 36 sales
At a glance
Credit
- Guarantor
- Chick-fil-A, Inc.
- U.S. sales
- About $23.9B (2025)
- Restaurants
- 3,287 U.S. (year-end 2025)
- Avg unit
- Just under $9.2M (free-standing, 2025)
Scale: Restaurant Business, "Chick-fil-A unit volumes hit ceiling", as cited in our report (Oct 2026).
A typical lease
- Structure
- Ground lease; tenant owns the building
- Term
- 25 of 33 at 15 yrs, 8 at 20
- Increases
- 10% every 5 years
- Options
- Eight 5-yr on most listings; some show nine or ten
- Lot size
- Median 1.72 acres
- Pad sales
- $688K/acre median (12)
Company overview
Privately held quick-service chain based in Atlanta. The company picks its own sites and Operators, so the landlord's counterparty is the corporation.
It builds and owns the restaurant on leased land, which makes the ground lease the standard way to own the brand. Sites run 1–2 acres for double drive-thru lanes.
The short version
In 2026, 8 Chick-fil-A ground leases sold at an average 4.26% cap rate. Asking cap rates today are a median 4.15%, lower. A lower cap rate means a higher price.
The average closed site pays about $164K a year in rent. Across the sales, that is about $95K per acre.
Chick-fil-A's real estate team has said it wants to own more of its sites instead of ground leasing them. New ground leases are still being signed, so that shift is not visible in the market yet.
Want the longer write-up? Read our full Chick-fil-A analysis.
Cap rates over time
SoldAsking
A cap rate is the yearly rent divided by the price. A lower cap rate means a higher price. Each mark is one comp.
Sales November 2022 to October 2026. Years with few sales can swing a lot. Reported, not verified.
Recent sales
The 10 most recent of 36 sales.
| Location | Sold | Price | Cap rate | Acres | Yearly rent |
|---|---|---|---|---|---|
| Lehigh Acres, FL | Oct 2026 | $2,950,000 | 4.24% | 1.85 | $125,000 |
| Hueytown, AL | Oct 2026 | $1,900,000 | 3.95% | 2.83 | $75,000 |
| Clovis, CA | Sep 2026 | $4,716,000 | 4.24% | 2.19 | $200,000 |
| Hixson, TN | Jul 2026 | $2,771,000 | 4.15% | 1.73 | $115,000 |
| Mount Dora, FL | May 2026 | $4,677,777 | 4.50% | 2.36 | $210,500 |
| Dalton, GA | May 2026 | $2,450,000 | 4.29% | 1.25 | $105,000 |
| East Greenwich, RI | Apr 2026 | $4,602,687 | 4.27% | 1.75 | $196,535 |
| Leesburg, FL | Feb 2026 | $3,550,000 | 4.46% | 1.72 | $158,330 |
| North Las Vegas, NV | Dec 2025 | $5,500,000 | 4.09% | 2.13 | $225,000 |
| Lake Oswego, OR | Oct 2025 | $6,565,657 | 4.95% | 1.44 | $325,000 |
The full report lists every sale with its address and source. Prices and cap rates are as reported by brokers and public sources.
On the market now
A sample of 10 of the 21, spread from the lowest to the highest asking cap rate, Chick-fil-A ground leases listed for sale today. These are asking prices, not closed sales.
| Location | Asking price | Asking cap rate | Acres | Yearly rent |
|---|---|---|---|---|
| Fort Worth, TX | $4,800,000 | 3.75% | 2.13 | $180,000 |
| Philadelphia, PA | $5,250,000 | 4.00% | 1.35 | $210,000 |
| Franklin, IN | $3,000,000 | 4.00% | 1.54 | $120,000 |
| Little Rock, AR | $4,125,000 | 4.00% | 2.15 | $165,000 |
| Forsyth, IL | $2,625,000 | 4.00% | 1.72 | $105,000 |
| Tifton, GA | $2,786,000 | 4.20% | 1.99 | $117,000 |
| Fultondale, AL | $3,838,000 | 4.30% | 1.67 | $165,000 |
| Williamsport, PA | $3,077,777 | 4.50% | 2.19 | $138,500 |
| Everett, WA | $8,000,000 | 4.75% | 1.43 | $380,000 |
| Springfield, IL | $2,525,252 | 4.95% | 1.24 | $125,000 |
Asking prices can change. Reported, not verified.
Full report
Get the Full Report
The full report has every comp with its source, rent per acre by market, lot-size and traffic analysis, and our read on pricing.
Own a Chick-fil-A property? Call us and we will tell you what it would sell or lease for today.
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Questions investors ask
What cap rate do Chick-fil-A ground leases sell at?
Closed Chick-fil-A ground leases in this data set traded at a median 4.20% cap rate (36 sales, November 2022 to October 2026), ranging 3.39% to 4.95%.
What are Chick-fil-A ground leases asking?
On-market listings asked a median 4.15% across 21 listings.
How much rent does a Chick-fil-A ground lease pay?
The average closed site in this data set pays about $164K a year (ground rent, 36 sales), or about $95K per acre.
How current is this Chick-fil-A data?
The newest closed sale here is from October 2026, and the data runs to Oct 29, 2026. The page was last updated Nov 12, 2026.
What is a typical Chick-fil-A ground lease term?
Most are 15-year primary terms with 10% increases every five years and a corporate guarantee; some newer leases run 20 years.
Does Chick-fil-A have a credit rating?
No. Chick-fil-A is privately held and has no rating from S&P, Moody's or Fitch. Investors rely on its scale and the corporate guarantee.
Talk to the team
More from The Finem Group
- Understanding Chick-fil-A Ground Lease Trends in the Current Market (our full Chick-fil-A write-up)
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Cite this report
Use the figures with a link back to this page. Suggested citation:
Finem Group at Meybohm Commercial. Chick-fil-A Ground Lease Market Report Summary. October 2026. https://finemgroup.com/marketreportcfa
Data: Crexi / CoStar / broker reports, 36 closed and 21 on-market ground lease comps, as of Oct 29, 2026. Sales Nov 2022 to Oct 2026; asking caps are current Crexi listings. Information is believed reliable but is not guaranteed. An independent market report; not investment, legal or tax advice. 948 Reynolds Street, Augusta, GA 30901.