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Views: 122 DOM: 148 Updated: 07.26.24 Posted: 04.23.24 Status: Active

Summary

Price $942,860
Built/Renov 1976
Tenant Church's Chicken
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,326
Lease Start 02-01-2017
#Units 200
Price/SF $711.06
Expiration 01-31-2032
Tenant Type Fast Food/QSR
NOI $66,000
R. Term 7.4
Ownership Fee Simple
Rent/SF $49.77
Increases 10.0%/3/yrs
Pop 5Mi 103,792
Lot/AC 0.49
Options 4/5yrs/10%
AHHI 5Mi $85,761

Lease Highlights

  • Church's Chicken has 7+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by QSR Southern Group, LLC (200 units baked)

Location Description

Church's Chicken is strategically located on Watson Boulevard, with access to 27,967 vehicles passing by daily. This advantageous location boasts five separate access points for convenient entry and exit. Moreover, it is situated less than a quarter mile west of the Houston Healthcare - Warner Robins Hospital and west of the Robins Air Force Base, the leading employer in the Warner Robins...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Church's Chicken
  • Guarantor:Franchisee
  • Company:QSR Southern Group, LLC
  • # Units:200
  • 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
2028 Total Population : 8,490 60,255 106,854
2023 Total Population : 8,358 59,016 103,792
2023 Employed Civilian Pop : 3,512 24,556 45,610
2023 Total Businesses : 342 2,073 2,916
2023 Average Household Income : $ 72,375 $ 70,284 $ 85,761
2023 Total Consumer Spending : $ 212 M $ 1479 M $ 3065 M
2023 Median Age : 39 36 36
2023 Total Households : 3,366 24,074 41,153
2023 Pop Age 25+: Bachelor's Degree : 960 5,672 12,021
2023 Average Home Value : $ 313,204 $ 227,953 $ 253,388
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Watson Boulevard Hickory St 2019 26,400 0.17 mi
Briarcliff Rd Sunset Dr 2005 2,530 0.21 mi
Lakeview Ter Hickory St 2005 190 0.26 mi
South Houston Road Pineview Dr 2019 4,980 0.30 mi
Bernard Drive Holly St 2019 1,610 0.33 mi
Sunset Drive Terrell St 2019 2,700 0.38 mi
Holly Street Oakview Sq 2019 3,030 0.38 mi
Oakview Square Lois Dr 2019 170 0.45 mi
N Houston Rd Willow Ave 2016 18,400 0.48 mi
Bernard Dr Parkwood Dr 2005 1,950 0.50 mi

Listing Broker

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