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| Price $2,800,000 | Built/Renov 2009 | Tenant Chicken Express |
| Cap Rate 5.94% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
3,290
| Lease Start
12-01-2024
| #Units
250
|
| Price/SF $851.06 | Expiration
11-30-2039
| Tenant Type Fast Food/QSR |
| NOI $166,303 | R. Term 14.11 | Ownership Fee Simple |
| Rent/SF
$50.55
| Increases 10.0%/5/yrs | Pop 5Mi 155,792 |
| Lot/AC 1.20 | Options 3/5yrs/10% | AHHI 5Mi $101,641 |
| | |
Chicken Express is strategically located at the signalized, hard corner intersection of Lake Worth Boulevard and Merrett Drive, the major retail thoroughfare with access to a combined daily traffic count of 42,900 vehicles. The property benefits from direct on/off ramp access to Interstate 820, which sees 127,300 VPD. Featuring significant street frontage and a large monument sign, the site...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Store sales reported
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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Cap Rate 6.00%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
