Views: 0 DOM: 38 Updated: 11.03.23 Posted: 11.03.23 Status: Active


Price $2,650,000
Built/Renov 2023
Tenant Dave's Hot Chicken (GL)
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,675
Lease Start 04-16-2023
#Units 100
Price/SF $990.65
Expiration 04-15-2043
Tenant Type Fast Food/QSR
NOI $110,000
R. Term 19.4
Ownership Ground Lease
Rent/SF $41.12
Increases 10.0%/5/yrs
Pop 5Mi 103,484
Lot/AC 0.67
Options 3/5yrs/10%
AHHI 5Mi $109,137

Lease Highlights

  • Brand-new 2023 construction
  • Dave’s Hot Chicken recently signed a brand-new 20-year lease with 2 (5-year) options and 1 (4-year, 11 month) option to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and the start of each option

  • Absolute NNN ground lease | Zero landlord responsibilities
  • Personally guaranteed lease

Location Description

This newly constructed Dave’s Hot Chicken is strategically located near the signalized, hard corner intersection of Date Palm Drive and Ramon Road, and benefits from nearby access to Interstate 10, a major thoroughfare averaging over 101,000 vehicles per day. The property is ideally situated as an outparcel to Date Palm Plaza, anchored by Cardenas Markets, Harbor Freight Tools, and CVS. Other...



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  • Tenant: Dave's Hot Chicken
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:100
  • Stock:Private

About Tenant

Dave’s Hot Chicken is an American fast casual restaurant chain specializing in Nashville-style hot chicken. Founded in 2017 as a parking lot pop-up serving hot chicken tenders, the informal...



  1 Miles 3 Miles 5 Miles
2027 Total Population : 20,529 64,257 105,600
2022 Total Population : 20,534 63,031 103,484
2022 Employed Civilian Pop : 9,605 28,144 44,931
2022 Total Businesses : 402 1,981 4,439
2022 Average Household Income : $ 82,509 $ 103,431 $ 109,137
2022 Total Consumer Spending : $ 448 M $ 2173 M $ 4231 M
2022 Median Age : 33 42 49
2022 Total Households : 6,279 24,358 44,984
2022 Pop Age 25+: Bachelor's Degree : 1,947 8,453 16,092
2022 Average Home Value : $ 456,341 $ 498,661 $ 535,112
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Date Palm Dr Aliso Rd 2010 25,771 0.04 mi
Ramon Rd Rancho Rd 2010 29,998 0.06 mi
Date Palm Dr Baristo Rd 2006 25,532 0.12 mi
Ramon Rd San Eljay Ave 2010 25,195 0.18 mi
Cathedral Canyon Dr Roundup Rd 2010 14,150 0.48 mi
Ramon Rd Ave el Pueblo 2010 33,537 0.53 mi
Date Palm Dr Mc Callum Way 2010 20,659 0.65 mi
Date Palm Dr Olancha Rd 2010 22,128 0.99 mi
Ramon Rd Da Vall Dr 2010 22,784 1.02 mi
Da Vall Dr Ramon Rd 2010 9,200 1.03 mi

Listing Broker

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