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Colbie's Southern Kissed Chicken

38 Mt Holly Ave, Mount Holly, NJ 08060

$3,277,547

Cap Rate 7.50%

Updated: 01.29.24 Posted: 09.22.23 Status: Inactive

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 10.11
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

Sam Young
Atlantic Capital Partners
Contact

David Hoppe
Atlantic Capital Partners
Contact

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...

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Key Features

  • Recent renovation

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway location

  • Hospital close

  • Top 100 MSA

  • Absolute NNN

  • Long 10+ yr lease

  • Personal guarantee

    • ...

Links

Colbie's Southern Kissed Chicken Wikipedia Mount Holly, New Jersey Zip Code 08060 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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,...


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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
*ESRI data is presented for informational purposes only

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

Listing Broker

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