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Views: 127 DOM: 171 Updated: 10.29.24 Posted: 07.08.24 Status: Active

Summary

Price $1,850,510
Built/Renov 2017/2024
Tenant Chicken Salad Chick
Cap Rate 5.88%
Lease Type Double NN
Guarantor Corporate
Size/SF 3,627
Lease Start 04-01-2024
#Units 275
Price/SF $510.20
Expiration 03-31-2034
Tenant Type Fast Casual/Rest.
NOI $108,810
R. Term 9.3
Ownership Fee Simple
Rent/SF $30.00
Increases 10.0%/5/yrs
Pop 5Mi 75,031
Lot/AC 1.47
Options 2/5yrs/10%
AHHI 5Mi $63,995

Lease Highlights

  • Chicken Salad Chick has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Limited landlord responsibilities 
  • Corporate guaranteed lease

Location Description

Chicken Salad Chick is strategically located on Hampton Inn Way, with access to 51,400 vehicles passing by daily. The property is conveniently situated near Highway 17, offering easy access and excellent visibility. The immediate area is surrounded by numerous hotels and well-known tenants, including Target, Walmart, Lowe's, Hobby Lobby, Best Buy, and more. The 5-mile trade area is supported...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chicken Salad Chick
  • Guarantor:Corporate
  • Company:Chicken Salad Chick
  • # Units:275
  • Stock:Private

About Tenant

Chicken Salad Chick is a fast, casual restaurant chain and franchise specializing in various flavors of southern-style chicken salad made from scratch. In addition to more than a dozen original...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,165 41,942 70,973
2024 Total Population : 5,185 41,929 70,738
2024 Employed Civilian Pop : 2,433 15,802 25,862
2024 Total Businesses : 485 2,089 2,970
2024 Average Household Income : $ 89,251 $ 82,286 $ 80,394
2024 Total Consumer Spending : $ 169 M $ 1247 M $ 1958 M
2024 Median Age : 31 32 30
2024 Total Households : 2,159 17,075 27,472
2024 Pop Age 25+: Bachelor's Degree : 494 4,540 7,793
2024 Average Home Value : $ 283,584 $ 251,902 $ 248,071
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NC 53 Branchwood Dr 2021 40,039 0.17 mi
Commons Dr N 2021 4,981 0.26 mi
Commons Dr S 2021 1,872 0.33 mi
Jacksonville Parkway Massey Rd 2021 14,105 0.39 mi
Western Boulevard Henderson Dr 2021 41,227 0.43 mi
Western Boulevard Henderson Dr 2018 47,000 0.43 mi
Recreation Loop 2021 6,602 0.51 mi
Henderson Drive Dolphin Dr 2021 12,838 0.52 mi
Chastain Ct 2021 1,901 0.78 mi
Kensington Dr 2021 6,076 0.84 mi

Listing Broker

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