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Chick-fil-A Acquires Land In San Jose From Target

Property Image
SOLD
$4,500,000

California

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Land
Sold 10/06/2023
the dealdetailscomps
Property Image
SOLD

Chick-fil-A Acquires Land In San Jose From Target

3155 Silver Creek Road

See Similar Deals
Land
Sold 10/06/2023
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Land
Transaction Type:Sale

Chick-fil-A has purchased a piece of land in San Jose for $4.5 million. The property, located at 3155 Silver Creek Valley, is expected to be developed into a Chick-fil-A restaurant with a dual drive-thru lane. However, the plans are pending approval from the City of San Jose, with a hearing scheduled for December 7th.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $4,500,000
  • Buyer: Chick-fil-A (Dan T. Cathy)
  • Seller: Target (Brian Cornell)
  • Market: San Jose

The purchase of this land signifies Chick-fil-A's potential expansion in the San Jose area. With the inclusion of a dual drive-thru lane, the new restaurant aims to cater to the fast-paced lifestyle of the city residents. It is worth noting that the buyer, Dan T. Cathy, is the representative of Chick-fil-A in this deal, while Brian Cornell represents Target as the seller.

Players

C
Chick-fil-A
BUYER
T
Target
SELLER

Details

SOLD
IMAGE: Brian Cornell & Dan T. Cathy DATE: 10/06/2023 ADDRESS: 3155 Silver Creek Valley MARKET: San Jose ASSET TYPE: Land BUYER: Chick-fil-A (@ChickfilA) - Dan T. Cathy (@DantCathy) SELLER: Target - Brian Cornell SALE PRICE: $4,500,000 NOTE: Chick-fil-A has bought land in San Jose for $4.5 million, hinting at a possible new restaurant. The property is planned for a Chick-fil-A with a dual drive-thru lane, pending City of San Jose approval at a December 7th hearing.

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