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Views: 166 DOM: 221 Updated: 07.19.24 Posted: 04.25.24 Status: Active

Summary

Price $3,467,000
Built/Renov 2024
Tenant Chick-fil-A (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,433
Lease Start 05-09-2024
#Units 2,982
Price/SF $638.14
Expiration 05-31-2039
Tenant Type Fast Casual/Rest.
NOI $130,000
R. Term 14.6
Ownership Ground Lease
Rent/SF $23.93
Increases 10.0%/5/yrs
Pop 5Mi 108,680
Lot/AC 1.73
Options 6/5yrs/10%
AHHI 5Mi $109,138

Lease Highlights

  • Brand new 2024 construction
  • Chick-fil-A recently executed a brand new 15-year ground lease with 6 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located at the signalized, hard-corner intersection of Kyle Crossing and Kohlers Crossing, benefitting from a significant combined daily traffic count of 156,668 vehicles. The property is part of the Dry River District Development, a 65-acre mixed-use commercial project that includes multifamily and retail spaces. Additionally, it enjoys proximity to I-35 and 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:2,982
  • 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,196 59,498 125,672
2023 Total Population : 3,841 52,133 108,370
2023 Employed Civilian Pop : 1,904 27,057 55,138
2023 Total Businesses : 98 885 1,744
2023 Average Household Income : $ 87,052 $ 104,493 $ 109,180
2023 Total Consumer Spending : $ 105 M $ 1628 M $ 3442 M
2023 Median Age : 31 32 32
2023 Total Households : 1,406 17,988 36,411
2023 Pop Age 25+: Bachelor's Degree : 687 7,510 16,649
2023 Average Home Value : $ 388,649 $ 343,771 $ 351,954
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kohlers Crossing I35 Frontage 2022 6,180 0.22 mi
Amberwood S 2021 26,042 0.29 mi
Amberwood S 2022 27,933 0.29 mi
Purple Heart Trail I- 35 Frontage 2022 121,648 0.30 mi
Interstate Highway 35 Kohlers Xing 2019 156,668 0.31 mi
Kohlers Xing 2021 3,941 0.32 mi
Kohlers Xing 2022 4,227 0.32 mi
Bebee Road 2015 6,285 0.59 mi
Kyle Xing Co Rd 210 2010 6,320 0.69 mi
Windy Hill Road Dry Hole Rd 2015 12,710 0.81 mi

Listing Broker

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