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Views: 123 Updated: 08.06.24 Posted: 12.31.23 Status: Sold

Summary

Price $1,310,000
Built/Renov 2006
Tenant Chick N Max
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,200
Lease Start 04-01-2024
#Units 1
Price/SF $595.45
Expiration 03-31-2039
Tenant Type Fast Food/QSR
NOI $95,000
R. Term 14.5
Ownership Fee Simple
Rent/SF $43.18
Increases 8.0%/5/yrs
Pop 5Mi 43,270
Lot/AC 0.93
Options 2/5yrs/8%
AHHI 5Mi $74,650

Lease Highlights

  • Chick N Max recently signed a brand new 15-year lease with 2 (5-year) options to extend
  • Lease features 8% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Franchisee guaranteed

Location Description

The Chick N Max is strategically located along S First St, a major retail thoroughfare with access to 40,700 vehicles passing by daily. Positioned adjacent to a Walmart Supercenter and Sam’s Club anchored center, the property also enjoys proximity to an Academy Sports + Outdoors and Burlington anchored center. Additionally, it is strategically situated in the heart of a primary retail...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick N Max
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • Stock:Private

About Tenant

Chick N Max is an owner operator of a chain of fast casual chicken restaurants. Their menu offers a variety of chicken sandwiches, hand breaded tenders, sweet, spicy and Almond Wood smoked chicken...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 618 4,470 12,486
2023 Total Population : 615 4,456 12,372
2023 Employed Civilian Pop : 218 1,660 4,887
2023 Total Businesses : 31 132 265
2023 Average Household Income : $ 67,840 $ 74,709 $ 83,833
2023 Total Consumer Spending : $ 12 M $ 103 M $ 340 M
2023 Median Age : 40 37 37
2023 Total Households : 214 1,582 4,681
2023 Pop Age 25+: Bachelor's Degree : 55 411 1,337
2023 Average Home Value : $ 206,150 $ 194,415 $ 223,131
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
United States Highway 59 Fm 2108 2002 27,000 0.84 mi
US 59 John Means Rd 2021 29,586 1.02 mi
Farm-to-Market Road 2108 United States Hwy 59 2021 812 1.06 mi
Burkhalter Hollow Rd 2021 1,549 1.11 mi
County Rd67 2021 621 1.25 mi
I 20-N Business County Rd67 2020 743 1.25 mi
North Temple Drive N Temple Dr 2020 19,415 1.56 mi
North Temple Drive FM 2497 N 2019 28,274 1.56 mi
Ryan Chapel Road N Hendrix Ave 2021 2,369 1.67 mi
Greenridge Cir 2021 30,748 2.10 mi

Listing Broker

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