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Views: 377 DOM: 97 Updated: 10.18.24 Posted: 08.28.24 Status: Active

Summary

Price $4,375,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,864
Lease Start 11-01-2024
#Units 3,059
Price/SF $1,527.58
Expiration 10-31-2039
Tenant Type Fast Casual/Rest.
NOI $175,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $61.10
Increases 10.0%/5/yrs
Pop 5Mi 82,897
Lot/AC 1.93
Options 8/5yrs/10%
AHHI 5Mi $100,186

Lease Highlights

  • Brand new 2024 construction
  • New 15-year ground lease with 8 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located at the signalized, hard corner intersection of Highway 20 and Willow Lane, with access to a combined daily traffic count of 38,800 vehicles. The property is adjacent to McDonough Marketplace, a regional shopping center anchored by Walmart Supercenter and Lowe’s, which draws over 4.9 million visitors annually, according to Placer.ai. Additionally, it is...

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Maps

  • 1 Mile
  • 3 Miles
  • 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 name...


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Listing Broker

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