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9/28/26
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A 1031 exchange investor closed on the $4.72 mil ground lease purchase of a 4.8k sf Chick-fil-A property in the central CA city of Clovis. The restaurant, constructed in 2026, sits on 2.19 acres at 560 W. Shaw Ave and has an absolute 15-year, NNN lease in place.
The property’s Shaw Avenue location is along one of the premier retail corridors in the Clovis/Fresno MSA and is just three minutes from the California State University, Fresno campus. There are 375,000 residents and 145,000 employees within a five-mile radius of the asset, providing a dense, built-in customer base.
SRS Capital Markets Senior Vice President Alexander Moore represented the seller, a Bay Area-based investor. According to Moore, there is both a strong demand for Central Valley investment as well as for Chick-fil-A properties.
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