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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 51 Updated: 08.21.25 Posted: 08.21.25 Status: Active     08.21.25

Summary

Price $3,800,000
Built/Renov 2022
Tenant Chick Fil A
Cap Rate 3.95%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,141
Lease Start 02-01-2022
#Units 3,059
Price/SF $739.16
Expiration 01-31-2042
Tenant Type Fast Casual/Rest.
NOI $150,000
R. Term 16.3
Ownership Ground Lease
Rent/SF $29.18
Increases 8.0%/6/yrs
Pop 5Mi 141,578
Lot/AC 0.67
Options 8/5yrs/8%
AHHI 5Mi $118,124

Highlights

  • The lease features eight 5 year options with 8% increase in each option
  • Absolute NNN Ground Lease with 16+ years of remaining term  
  • Zero Landlord Responsibilities
  • Corporate Guarantee | Investment Grade Tenant

Location Description

Chick-fil-A is strategically located along Westover Terrace in Greensboro, North Carolina, with access to a daily traffic count of approximately 34,000 vehicles. The site is surrounded by major national retailers including Harris Teeter, CVS, Walgreens, Lowe’s Home Improvement, Starbucks, and McDonald’s, driving consistent consumer traffic to the area. The property is located near several...

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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

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
2030 Total Population : 7,547 83,370 214,954
2025 Total Population : 7,675 83,350 215,131
2025 Employed Civilian Pop : 4,071 40,343 100,104
2025 Total Businesses : 1,024 5,702 10,879
2025 Average Household Income : $ 114,477 $ 115,511 $ 94,026
2025 Total Consumer Spending : $ 373 M $ 3559 M $ 7338 M
2025 Median Age : 43 37 36
2025 Total Households : 3,802 35,714 89,540
2025 Pop Age 25+: Bachelor's Degree : 2,045 18,359 35,665
2025 Average Home Value : $ 392,258 $ 421,250 $ 358,952
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Lawndale Drive Colonial Ave 2019 25,500 0.24 mi
Lawndale Drive Colonial Ave 2022 18,806 0.24 mi
Battleground Avenue Pinedale Rd 2022 26,415 0.30 mi
Battleground Avenue Oak Hill Dr 2019 25,000 0.39 mi
West Cone Boulevard Elkhart Dr 2019 23,500 0.40 mi
West Cone Boulevard Elkhart Dr 2022 18,449 0.41 mi
W Cone Blvd 2022 17,351 0.43 mi
W Cone Blvd Battleground Ave 2003 17,000 0.46 mi
Benjamin Parkway Pinedale Rd 2022 14,617 0.46 mi
Benjamin Parkway Pinedale Rd 2019 16,500 0.46 mi

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