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Colbie's Southern Kissed Chicken
38 Mt Holly Ave, Mount Holly, NJ 08060
$3,277,547
Cap Rate 7.50%
Summary
| Price $3,277,547 | Built/Renov 2021 | Tenant Colbie's Southern Kissed Chicken |
| Cap Rate 7.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
4,456
| Lease Start
03-22-2021
| #Units
4
|
| Price/SF $735.54 | Expiration
04-01-2036
| Tenant Type Fast Casual/Rest. |
| NOI $245,816 | R. Term 12.3 | Ownership Fee Simple |
| Rent/SF
$55.17
| Increases 10.0%/3/yrs | Pop 5Mi 86,334 |
| Lot/AC 1.71 | Options 5/5yrs/10% | AHHI 5Mi $75,896 |
| | |
Lease Highlights
- Colbie’s Southern Kissed Chicken currently has over 12 years remaining on the current lease term with 5 (5-year) options to extend
- Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Strong personal guarantee | Net worth in excess of $30M
Location Description
This 4,500 SF property, equipped with a drive-thru, is a strategically located on 1.71-acres, along Rt. 38, one of the major throughfares and retail corridors in the area (34,255 VPD). It is also just minutes from South Avenue ((3,387 VPD) and Eayrestown Road (12,675 VPD). Nearby nationals include Big Lots, Rite Aid, Harbor Freight, Walmart, and many more, creating a strong consumer drive to...
...Features
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Recent renovation
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Major thoroughfare
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Near major nationals
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Strategically located
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Highway location
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Hospital close
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Top 100 MSA
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Absolute NNN
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Long 10+ yr lease
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Personal guarantee
...
Maps
Tenant
- Tenant: Colbie's Southern Kissed Chicken
- Guarantor:Franchisee
- Company:Colbie's Southern Kissed Chicken
- # Units:4
- Stock:Private
About Tenant
Colbie’s Southern Kissed Chicken is a casual dining restaurant serving fried chicken and Southern specialties. Their restaurant’s menu features Colbie’s Southern Kissed Chicken sandwiches, wraps,...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,808 | 36,176 | 66,287 |
| 2023 Total Population : | 11,770 | 36,377 | 66,001 |
| 2023 Employed Civilian Pop : | 5,489 | 18,806 | 34,195 |
| 2023 Total Businesses : | 424 | 1,201 | 2,205 |
| 2023 Average Household Income : | $ 100,585 | $ 124,268 | $ 133,865 |
| 2023 Total Consumer Spending : | $ 416 M | $ 1485 M | $ 2871 M |
| 2023 Median Age : | 39 | 39 | 42 |
| 2023 Total Households : | 4,808 | 13,993 | 25,249 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,074 | 6,944 | 13,150 |
| 2023 Average Home Value : | $ 290,058 | $ 358,020 | $ 377,162 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mill Street | Branch St | 2017 | 3,362 | 0.15 mi |
| Garden Street | 2018 | 9,775 | 0.16 mi | |
| Mill St | Green St | 2012 | 11,280 | 0.16 mi |
| Garden Street | High St | 2019 | 5,395 | 0.21 mi |
| Clover Street | Sharps Aly | 2019 | 3,366 | 0.22 mi |
| Garden Street | Clover St | 2020 | 2,660 | 0.23 mi |
| Garden St | High St | 2010 | 4,329 | 0.24 mi |
| Garden Street | High St | 2017 | 9,702 | 0.24 mi |
| Garden Street | Girard St | 2017 | 6,348 | 0.26 mi |
| Branch Street | Merritt Dr | 2019 | 5,267 | 0.29 mi |
