loader
Views: 0 DOM: 48 Updated: 12.04.23 Posted: 10.24.23 Status: Active

Summary

Price $430,000
Built/Renov 1978
Tenant Church's Chicken
Cap Rate 10.80%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 2,580
Lease Start 02-01-2007
#Units 1,535
Price/SF $166.67
Expiration 12-27-2024
Tenant Type Fast Food/QSR
NOI $46,442
R. Term 1.0
Ownership Fee Simple
Rent/SF $18.00
Increases 1.5%/1/yrs
Pop 5Mi 8,633
Lot/AC 1.00
Options 2/10yrs/1.5%
AHHI 5Mi $68,970

Lease Highlights

  • Church’s Chicken has successfully operated in this location since 2007
  • The tenant has 1+ years remaining on its current lease term with 2 (10-year) options to extend
  • The lease features rent increases of 1.5% annually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Church's Chicken is located at the signalized, hard corner intersection of Main Street (Hwy 198) and Winter Street with a combined traffic count of 16,650 passing by daily. Nearby major nationals include Dollar General, O’Reilly Auto Parts, Family Dollar, and also the local USPS, further drawing consumer traffic to the area. There is no competition for chicken fast-food in the immediate area...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Church's Chicken
  • Guarantor:Corporate
  • Company:Church's Chicken
  • # Units:1,535
  • Stock:Private

About Tenant

Church’s Texas Chicken (aka Church’s Chicken) is one of the largest international chains of quick-serve chicken franchises. The chain operates outside of North America, in over 23 international...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,068 4,864 8,672
2023 Total Population : 2,071 4,875 8,634
2023 Employed Civilian Pop : 474 1,514 2,964
2023 Total Businesses : 220 346 452
2023 Average Household Income : $ 62,397 $ 69,294 $ 73,421
2023 Total Consumer Spending : $ 40 M $ 113 M $ 208 M
2023 Median Age : 38 39 39
2023 Total Households : 718 1,835 3,199
2023 Pop Age 25+: Bachelor's Degree : 151 419 714
2023 Average Home Value : $ 201,443 $ 197,049 $ 193,197
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Main Street Winter St 2018 2,800 0.10 mi
Oak Street Main St 2021 80 0.13 mi
Winter Street Ratliff St 2018 8,100 0.18 mi
Main Street Winter St 2018 6,700 0.21 mi
Main Street Manila St 2021 6,000 0.21 mi
Winter Street Wood St 2021 10,000 0.30 mi
Winter Street Holmes St 2018 10,000 0.30 mi
Summer Street Holmes St 2021 790 0.38 mi
Mill Street S Pine St 2021 3,900 0.51 mi
Mill St Cedar St 2018 3,900 0.51 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

NEWSLETTER SIGN UP

my activity