Chick-fil-A (GL)

8575 West Golf Road, Niles, IL 60714

$3,175,000

Cap Rate 4.25%

Views: 41 DOM: 119 Updated: 04.25.24 Posted: 01.18.24 Status: Active

Summary

Price $3,175,000	Built/Renov 2022	Tenant Chick-fil-A (GL)
Cap Rate 4.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,736	Lease Start 09-25-2021	#Units 2,806
Price/SF $670.40	Expiration 09-30-2041	Tenant Type Fast Casual/Rest.
NOI $135,000	R. Term 17.4	Ownership Ground Lease
Rent/SF $28.51	Increases 10.0%/2/yrs	Pop 5Mi 342,314
Lot/AC 1.09	Options 3/5yrs/7.5%	AHHI 5Mi $138,475

Lease Highlights

Chick-fil-A has 17+ years remaining on the current ground lease term with 3 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and 7.5% at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located at the signalized, hard corner intersections of Golf Road, N Milwaukee Avenue and Greenwood Road, which has a combined daily traffic count of 95,000 vehicles. The property serves as an outparcel to the Golf Mill Shopping Center, a 1.1 million SF super regional mall, and is surrounded by prominent national retailers, including Walmart Supercenter, The Home...

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Key Features

Signalized intersection
Dense retail corridor
Near major nationals
Trophy location
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Niles, Illinois Zip Code 60714 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chick-fil-A
Guarantor:Corporate
Company:Chick-fil-A Inc.
# Units:2,806
Stock:Private

About Tenant

Chick-fil-A is one of the largest American fast-food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the name...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	24,652	139,802	339,009
2023 Total Population :	25,246	142,304	345,132
2023 Employed Civilian Pop :	12,612	73,238	177,932
2023 Total Businesses :	648	4,669	14,283
2023 Average Household Income :	$ 101,860	$ 129,416	$ 138,674
2023 Total Consumer Spending :	$ 839 M	$ 6017 M	$ 15550 M
2023 Median Age :	43	45	46
2023 Total Households :	9,671	55,070	133,150
2023 Pop Age 25+: Bachelor's Degree :	5,028	32,433	80,004
2023 Average Home Value :	$ 336,305	$ 437,776	$ 449,789

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Golf Rd	Greenwood Ave	2013	25,200	0.01 mi
	Simpson St	2022	14,700	0.06 mi
Milwaukee Ave	Golf Rd	2013	30,100	0.07 mi
North Greenwood Avenue	W Emerson St	2022	18,000	0.07 mi
Greenwood Ave	Gregory Ln	2018	17,800	0.11 mi
North Greenwood Avenue	Gregory Ln	2022	14,700	0.11 mi
Golf Rd	Greenwood Dr	2009	37,100	0.12 mi
Milwaukee Ave	Golf Rd	2013	32,100	0.15 mi
	Milwaukee Ave	2022	14,700	0.17 mi
Gregory Lane	Kenneth Dr	2022	650	0.18 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

149 Listings
7385 Views
42 Sold

Jereme Snyder

Colliers NNN Group

Contact

138 Listings
6808 Views
40 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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