loader
Join Free
Views: 105 DOM: 52 Updated: 05.20.24 Posted: 04.09.24 Status: Sold 05.31.24

Summary

Price $2,789,474 $2,944,000
Built/Renov 2021
Tenant Chick-fil-A (GL)
Cap Rate 4.75% 4.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,999
Lease Start 10-21-2021
#Units 2,982
Price/SF $558.01 $588.92
Expiration 10-31-2036
Tenant Type Fast Casual/Rest.
NOI $132,500
R. Term 11.10
Ownership Ground Lease
Rent/SF $26.51
Increases 10.0%/5/yrs
Pop 5Mi 99,158
Lot/AC 1.04
Options 8/5yrs/10%
AHHI 5Mi $132,830

Lease Highlights

  • Chick-fil-A has 11+ years remaining on the current ground lease term with 8 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and 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 Smallwood Drive and Crain Highway, a major retail thoroughfare, with access to a combined daily traffic count of 79,400 vehicles. The area is surrounded by well-known national tenants, including Walmart, Sam’s Club, Target, Lowe’s Home Improvement, Aldi, and more. Additionally, the site is adjacent to St....

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:2,982
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,878 69,563 102,774
2023 Total Population : 9,679 67,788 99,247
2023 Employed Civilian Pop : 5,364 35,620 51,420
2023 Total Businesses : 697 2,538 3,135
2023 Average Household Income : $ 122,599 $ 126,065 $ 132,889
2023 Total Consumer Spending : $ 377 M $ 2656 M $ 3993 M
2023 Median Age : 36 35 36
2023 Total Households : 3,633 24,754 35,465
2023 Pop Age 25+: Bachelor's Degree : 1,327 9,491 13,711
2023 Average Home Value : $ 323,927 $ 375,013 $ 388,222
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Smallwood Drive West 2017 16,482 0.10 mi
Old Washington Road Smallwood Dr 2020 7,232 0.18 mi
Crain Hwy Smallwood Dr 2000 53,250 0.31 mi
Crain Highway 2018 38,040 0.35 mi
Smallwood Dr W Saint Patricks Dr 2003 16,988 0.41 mi
Copley Ave Stoddert Ave 2018 3,320 0.49 mi
Copley Ave Acadia Rd 2020 2,772 0.53 mi
Smallwood Dr Prentiss Rd 2020 13,162 0.61 mi
Smallwood Drive West Saint Patricks Dr 2018 17,130 0.62 mi
Saint Patricks Drive 2017 17,862 0.63 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity