SRS Real Estate Partners completed the $4.72-million ground lease sale of a Chick-fil-A property located at 560 W. Shaw Ave. in Clovis. Situated on 2.19 acres, the 4,847-square-foot property was developed in 2026 and has a 15-year, absolute triple net ground lease in place.

SVP Alexander Moore represented the seller, a Bay Area-based investor. The buyer was a Central Valley-based private investor who was in a 1031 exchange.

“This sale is testament to both a strong demand for Central Valley investment as well as Chick-fil-A properties,” said Moore. “Chick-fil-A continues to be one of the most popular quick-service-restaurant brands in the country with a growing 3,400 locations and annual Average Unit Volume of $9.3 million.”

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