Royston Group Closes $1.6 Million Chick-Fil-A Sale in the Austin, Texas

The Royston Group has facilitated the sale of a $1.6 Million single tenant ground lease in Austin MSA. Los Angeles, CA (PRWEB) January 30, 2014 Today The Royston Group has closed the sale of a freestanding restaurant building leased to Chick-Fil-A for 15 years. The 4,876 square foot building sits on 1.2 acres and is 100% leased to Chick-Fil-A on an absolute triple net lease basis. Greg Cortese represented the seller, a local developer and the buyer, a family investment firm. The transaction was all cash. The market for long-term term, high-quality, single tenant properties with rent in
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