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Views: 120 DOM: 141 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 5.0
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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Listing Broker

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