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Views: 138 DOM: 179 Updated: 08.27.24 Posted: 06.07.24 Status: Active

Summary

Price $1,300,000
Built/Renov 2014
Tenant Church's Chicken (Dark)
Cap Rate 8.68%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,865
Lease Start 11-10-2014
#Units 1,535
Price/SF $697.05
Expiration 11-09-2029
Tenant Type Fast Food/QSR
NOI $112,860
R. Term 4.11
Ownership Fee Simple
Rent/SF $60.51
Increases 1.2%/1/yrs
Pop 5Mi 56,639
Lot/AC 0.53
Options 4/5yrs/1.15%
AHHI 5Mi $72,024

Lease Highlights

  • Dark location
  • 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 1.15% annual rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Church's Chicken is strategically located on Shorter Avenue, with access to 31,600 vehicles passing by daily. The property is surrounded by well-known national tenants, including Chick-fil-A, Dunkin', Ace Hardware, Walgreens, Red Lobster, and more. Additionally, it is conveniently situated minutes from Berry College with an enrollment of over 2,000 students. The 5-mile trade area is supported...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Church's Chicken
  • Guarantor:Corporate
  • Company:High Bluff Capital Partners
  • # Units:1,535
  • Stock:Private

About Tenant

Church’s Texas Chicken (aka Church’s Chicken) is one of the largest international chains of quick-serve chicken franchises. The chain operates outside of North America, in over 23 international...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,160 36,223 59,473
2024 Total Population : 7,268 35,986 59,171
2024 Employed Civilian Pop : 3,200 15,678 25,467
2024 Total Businesses : 310 2,135 2,658
2024 Average Household Income : $ 71,340 $ 80,176 $ 84,494
2024 Total Consumer Spending : $ 147 M $ 918 M $ 1630 M
2024 Median Age : 30 34 36
2024 Total Households : 2,326 12,876 21,752
2024 Pop Age 25+: Bachelor's Degree : 381 2,785 5,385
2024 Average Home Value : $ 275,479 $ 272,710 $ 282,460
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Division Street Decatur St 2019 8,530 0.12 mi
Yarbrough Street Northwest N Hughes St NW 2019 600 0.17 mi
Decatur Street Webster St NW 2019 280 0.29 mi
John Davenport Drive Fortune St 2018 3,840 0.32 mi
John Davenport Drive 2019 3,920 0.32 mi
Pike Ave Decatur St 2005 140 0.39 mi
John Davenport Dr Sheridan Dr 2016 4,370 0.43 mi
Lavender Dr Lucille Ave NW 2016 5,010 0.52 mi
North Elm Street Sylvan St 2019 2,000 0.59 mi
Mount Alto Road Southwest Foothills Dr SW 2019 1,040 0.60 mi

Listing Broker

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