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Views: 228 DOM: 404 Updated: 11.20.24 Posted: 02.25.24 Status: Active

Summary

Price $5,083,000
Built/Renov 2022
Tenant Chick-fil-A
Cap Rate 4.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,484
Lease Start 10-13-2022
#Units 3,059
Price/SF $1,133.59
Expiration 10-31-2042
Tenant Type Fast Casual/Rest.
NOI $241,440
R. Term 17.7
Ownership Fee Simple
Rent/SF $53.84
Increases 10.0%/3/yrs
Pop 5Mi 34,949
Lot/AC 1.24
Options 13/5yrs/10%
AHHI 5Mi $70,671

Lease Highlights

  • New 2022 construction
  • Chick-fil-A has 17+ years remaining on the current lease term with 13 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on South George Nigh Expressway, a major north-south arterial connecting route, with access to 25,700 vehicles passing by daily. This prime location is further enhanced by limited competition, being the sole Chick-fil-A within a 50-mile radius. Additionally, the property serves as an outparcel to the Shops at McAlester, a retail center hosting national...

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Maps

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  • 1 Mile
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  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:3,059
  • Stock:Private

About Tenant

Chick-fil-A is one of the largest American fast-food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,488 11,823 22,192
2023 Total Population : 2,520 12,035 22,487
2023 Employed Civilian Pop : 1,166 5,406 8,896
2023 Total Businesses : 113 928 1,206
2023 Average Household Income : $ 103,156 $ 70,008 $ 66,936
2023 Total Consumer Spending : $ 86 M $ 311 M $ 512 M
2023 Median Age : 49 41 40
2023 Total Households : 987 5,080 8,687
2023 Pop Age 25+: Bachelor's Degree : 399 1,313 2,157
2023 Average Home Value : $ 235,500 $ 177,972 $ 165,757
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South George Nigh Expressway S 14th St 2021 32,000 0.10 mi
South 14th Street St Andrews Way 2021 790 0.32 mi
Hardy Springs Road Hardy Springs Cir 2021 4,400 0.49 mi
South George Nigh Expressway S 9th St 2021 27,600 0.60 mi
McArthur Lane Belmont Dr 2021 650 0.79 mi
Oklahoma Avenue Dave Dr 2021 990 0.87 mi
South 14th Street Illinois Ave 2021 1,000 1.05 mi
Oklahoma Avenue Edgewood Dr 2021 1,100 1.14 mi
Swallow Dr 2021 6,700 1.14 mi
Tennessee Ave 2021 1,100 1.15 mi

Listing Broker

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Vahe Nokhoudian

Fisher James Capital

Contact
  • 24 Listings
  • 3725 Views
  • 5 Sold
Putnam Daily

Fisher James Capital

Contact
  • 91 Listings
  • 15599 Views
  • 25 Sold

Fisher James Capital is based in San Francisco with partners in Silicon Valley and the East Bay. Specializing in leased investment brokerage, the partners represent private and institutional capital clients on the disposition and acquisition of single and multi-tenant commercial properties nationwide. This multi-market approach works to align capital into sound investments with a specific strategy positioning newly constructed properties to passive investors.

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Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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