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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 6 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 16.5
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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