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| Price $2,800,000 | Built/Renov 2007 | Tenant Chicken Express |
| Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
5,678
| Lease Start
12-01-2024
| #Units
250
|
| Price/SF $493.13 | Expiration
11-30-2039
| Tenant Type Fast Food/QSR |
| NOI $160,915 | R. Term 15.2 | Ownership Fee Simple |
| Rent/SF
$28.34
| Increases 10.0%/5/yrs | Pop 5Mi 245,272 |
| Lot/AC 1.31 | Options 3/5yrs/10% | AHHI 5Mi $154,575 |
| | |
Chicken Express is strategically located on East Main Street, with access to 34,200 vehicles passing by daily. The property benefits from nearby direct on/off ramp access to U.S. Highway 75, a major thoroughfare that sees 184,000 VPD. The immediate area features well-known national tenants including Take 5, Autozone, Walgreens, Staples, PetCo, and more. Additionally, it is in close proximity...
...Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Store sales reported
Absolute NNN
Personal guarantee
Chicken Express is a fast-food chain known for its fried chicken, chicken tenders, catfish, and various Southern-style side dishes. The restaurant emphasizes quick service, quality food, and...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
