SRS Real Estate Partners Establishes Significant Market Share for Highly Coveted Chick-fil-A Assets with $48 Million Sold Over the Past 12 Months

  • Since 2018 Chick-fil-A has doubled its total sales volume, making the restaurants highly sought after from single-tenant net lease investors
  • At 30%, firm has the largest market share for this highly coveted, national tenant
  • SRS has 15 Chick-fil-A assets on the market or in escrow

SRS Real Estate Partners Capital Markets is pleased to announce 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%. This figure also gives SRS a 30% market share for all Chick-fil-A-occupied assets sold over the same period, which is the largest among all other brokerage firms nationwide.

According to Technomic Ignite, since 2018 Chick-fil-A has doubled its total sales volume. Last year the chain generated $21.58 billion in sales which is a 14.7% increase over the previous year’s $18.81 billion and over 43% over 2021’s $15 billion. This brand has also continued to gain market share over its biggest competitors in the Quick Service Restaurant (QSR) chicken sandwich category – Popeyes and KFC. Further, Chick-fil-A released its latest Franchisee Disclosure last month which showed that the average unit volume (AUV) for non-mall locations in 2023 reached a record $9.3 million, an 8.1% increase over the previous record of $8.67 million in 2022.

Because of this unprecedented success, Chick-fil-A locations have become a highly sought-after brand with an ever-expanding buyer pool of single-tenant net lease investors. With that said, over the past several years, SRS has elevated its brokerage presence with interested buyers who are seeking to either acquire their first property or grow their portfolio of Chick-fil-A stores.

“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 noted that SRS presently has a total of 15 assets on the market valued at $85.5 million, two of which are in escrow/ This also represents 30% market share of all Chick-fil-A stores currently on the market.

Over the past 12 months, SRS has sold Chick-fil-A assets in Arizona, California, Texas, Michigan, Florida, Kansas, New Jersey and Georgia, and has locations on the market in California, Florida, Texas, Maryland, Arkansas, on the market.

In 2023, SRS Capital Markets completed approximately $2 billion in deal volume comprised of 495 transactions in 43 states. SRS currently has in excess of 600 properties actively on the market with a market value surpassing $2.85 billion.

About SRS Real Estate Partners

Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit