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Views: 86 DOM: 368 Updated: 05.03.24 Posted: 05.24.23 Status: Active

Summary

Price $7,450,000
Built/Renov 2023
Tenant Chick-fil-A
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,947
Lease Start 09-01-2023
#Units 2,806
Price/SF $1,505.96
Expiration 08-31-2038
Tenant Type Fast Casual/Rest.
NOI $309,186
R. Term 14.3
Ownership Fee Simple
Rent/SF $62.50
Increases 10.0%/5/yrs
Pop 5Mi 19,995
Lot/AC 2.09
Options 13/5yrs/10%
AHHI 5Mi $71,966

Lease Highlights

  • Brand-new 2023 construction
  • Tenant recently signed a brand-new 15-year lease with 13 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease with zero landlord responsibilities
  • Corporate guaranteed lease by Chick-fil-A, Inc

Location Description

This Chick-fil-A is located at the signalized, hard-corner intersection of N Jefferson Ave and U.S. Highway 67, which averages a combined 27,000 vehicles passing by daily. The asset is complete with a drive-thru, providing ease and convenience for customers. The asset is less than 2 miles north of Jefferson Park, a 130,000 square foot shopping center with major tenants including Super 1 Foods,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chick-fil-A
  • Guarantor:Corporate
  • Company:Chick-fil-A Inc.
  • # Units:2,806
  • Stock:Private

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,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,719 17,095 19,979
2023 Total Population : 4,689 17,196 20,128
2023 Employed Civilian Pop : 2,019 7,573 8,723
2023 Total Businesses : 393 921 984
2023 Average Household Income : $ 64,329 $ 66,993 $ 68,688
2023 Total Consumer Spending : $ 92 M $ 343 M $ 415 M
2023 Median Age : 31 32 33
2023 Total Households : 1,615 5,812 6,875
2023 Pop Age 25+: Bachelor's Degree : 232 1,409 1,686
2023 Average Home Value : $ 146,762 $ 154,772 $ 158,795
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
West 16th Street N Johnson Ave 2021 7,907 0.09 mi
North Jefferson Avenue W 15th St 2020 16,258 0.11 mi
East 16th Street N Washington Ave 2021 9,047 0.15 mi
East 16th Street N Washington Ave 2020 7,975 0.15 mi
N Jefferson Ave E 14th St 2002 17,000 0.19 mi
North Jefferson Avenue Talco Rd 2020 12,060 0.29 mi
Wilson Dr 2021 2,639 0.45 mi
I- 30 Svc Rd 2021 25,403 0.49 mi
Talco Rd 2021 2,726 0.50 mi
W 19th St 2021 1,372 0.58 mi

Listing Broker

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