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Views: 46 DOM: 40 Updated: 08.28.24 Posted: 06.22.24 Status: Sold 08.01.24

Summary

Price $1,867,000 $1,867,000
Built/Renov 2022
Tenant Chicken Salad Chick
Cap Rate 6.00% 6.00%
Lease Type Double NN
Guarantor Corporate
Size/SF 2,830
Lease Start 04-19-2022
#Units 275
Price/SF $659.72 $659.72
Expiration 04-30-2032
Tenant Type Fast Casual/Rest.
NOI $112,000
R. Term 7.7
Ownership Fee Simple
Rent/SF $39.58
Increases 10.0%/5/yrs
Pop 5Mi 112,163
Lot/AC 1.11
Options 3/5yrs/10%
AHHI 5Mi $95,178

Lease Highlights

  • New 2022 construction
  • Chicken Salad Chick has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Chicken Salad Chick is strategically located on Sam Ridley Parkway W, with access to a robust daily traffic count of 60,600 vehicles. The property benefits from nearby access onto Interstate 24 (150,200 VPD) and is ideally situated in direct proximity to Marketplace at Smyrna, a power center anchored by Target, Kohl’s, Ross Dress for Less, and more. Furthermore, it is near numerous...

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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 that specializes in various flavors of southern style chicken salad made from scratch. In addition to more than a dozen...


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Listing Broker

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