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Views: 16 DOM: 24 Updated: 09.13.24 Posted: 08.23.24 Status: Active

Summary

Price $5,458,000
Built/Renov 2022
Tenant Chick-fil-A
Cap Rate 4.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,526
Lease Start 11-17-2022
#Units 3,059
Price/SF $1,205.92
Expiration 11-30-2037
Tenant Type Fast Food/QSR
NOI $240,141
R. Term 13.2
Ownership Fee Simple
Rent/SF $53.06
Increases 10.0%/3/yrs
Pop 5Mi 21,515
Lot/AC 1.87
Options 13/5yrs/10%
AHHI 5Mi $68,809

Lease Highlights

  • New 2022 construction
  • Chick-fil-A has 13+ years remaining on the current lease term with 13 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and 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 Mayo Street and E. Forsyth Street, a primary retail corridor with access to 12,800 vehicles passing by daily. The property is 1 mile from Georgia Southwestern State University and surrounded by high-performing national tenants, including Food Lion (575,900 annual visits per Placer.ai), Harveys Supermarket...

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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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Listing Broker

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