Chick-fil-A (GL)

7 East DeRenne Avenue, Savannah, GA 31405

$4,207,500

Cap Rate 4.00%

Views: 63 DOM: 93 Updated: 08.27.24 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 13.3	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 escalations throughout the initial term an option periods
Absolute NNN | 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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Key Features

New construction
Signalized intersection
High traffic 50M+ VPD
Near major nationals
Strong demographics
Major MSA
Absolute NNN
Long 10+ yr lease
Over 2000 units backed
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia Savannah, Georgia Zip Code 31405 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: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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Listing Broker

Thomas Carr

CBRE: NLPG Atlanta

Contact

130 Listings
12823 Views
63 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

128 Listings
12621 Views
62 Sold

Thomas Carr

Thomas Carr is an Senior Investment Sales Analyst with CBRE’s Net Lease Property Group. As a member of the team led by Chris Bosworth and Will Pike, Mr. Carr plays an integral role in all aspects of the group’s property valuation, underwriting, and marketing efforts. He is also actively involved in marketing the team’s disposition assignments, specializing in single-tenant assets, national net-lease portfolios, and corporate sale-leasebacks, as well as advising 1031 exchange buyers. Mr. Carr

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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Brian Pfohl

CBRE: NLPG Atlanta

Contact

128 Listings
12790 Views
60 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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