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Views: 109 DOM: 159 Updated: 10.10.24 Posted: 06.15.24 Status: Active

Summary

Price $4,207,500
Built/Renov 2022
Tenant Chick-fil-A (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,428
Lease Start 12-05-2022
#Units 3,059
Price/SF $1,227.39
Expiration 12-31-2037
Tenant Type Fast Food/QSR
NOI $168,300
R. Term 13.1
Ownership Ground Lease
Rent/SF $49.10
Increases 2.0%/1/yrs
Pop 5Mi 148,259
Lot/AC 1.20
Options 10/5yrs/2%
AHHI 5Mi $77,391

Lease Highlights

  • New 2022 construction
  • Chick-fil-A has 13+ years remaining on the current ground lease term with 10 (5-year) options to extend
  • The lease features 2% annual rental increases throughout the initial term an option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located at the signalized, hard corner intersection of White Bluff Road and East Derenne Avenue, with access to a substantial combined daily traffic count of 76,300 vehicles. The property is within proximity to Hunter Army Air Field, Savannah Technical College, Candler Hospital, Memorial Health University Medical Center, and more. Additionally, it is adjacent to...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:3,059
  • 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
2029 Total Population : 9,375 76,701 147,824
2024 Total Population : 9,539 77,995 148,402
2024 Employed Civilian Pop : 4,026 37,056 68,501
2024 Total Businesses : 882 4,631 8,261
2024 Average Household Income : $ 81,699 $ 74,903 $ 79,661
2024 Total Consumer Spending : $ 292 M $ 2189 M $ 4285 M
2024 Median Age : 37 36 35
2024 Total Households : 4,062 32,924 60,485
2024 Pop Age 25+: Bachelor's Degree : 1,392 10,187 19,567
2024 Average Home Value : $ 357,565 $ 348,471 $ 370,406
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E de Renne Ave Abercorn St 2012 42,830 0.03 mi
East de Renne Avenue E de Renne Ave 2019 43,300 0.08 mi
East de Renne Avenue E de Renne Ave 2018 43,000 0.08 mi
W de Renne Ave White Bluff Rd 2012 66,460 0.15 mi
West de Renne Avenue W de Renne Ave 2018 57,100 0.21 mi
West de Renne Avenue W de Renne Ave 2019 52,900 0.21 mi
Abercorn St E 67th St 2005 17,180 0.22 mi
Montgomery St Godsells St 2012 12,540 0.30 mi
Hampstead Avenue Roger Wood St 2019 5,690 0.31 mi
Montgomery Street Berkley Pl 2019 13,700 0.34 mi

Listing Broker

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