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Chick-fil-A
5701 South Olive Street, Pine Bluff, AR 71603
$6,742,000
Cap Rate 4.00%
Summary
| Price $6,742,000 | Built/Renov 2023 | Tenant Chick-fil-A |
| Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,947
| Lease Start
11-01-2023
| #Units
2,806
|
| Price/SF $1,362.85 | Expiration
11-01-2038
| Tenant Type Fast Casual/Rest. |
| NOI $269,662 | R. Term 14.10 | Ownership Fee Simple |
| Rent/SF
$54.51
| Increases 10.0%/6/yrs | Pop 5Mi 33,415 |
| Lot/AC 3.24 | Options 13/5yrs/10% | AHHI 5Mi $56,753 |
| | |
Lease Highlights
- Brand new 2023 construction
- Chick-fil-A, Inc. 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 | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
This newly constructed Chick-fil-A, equipped with a drive-thru, is strategically located at the signalized, hard corner intersection of South Olive Street and Interstate 530, which serves over 43,000 vehicles per day. Furthermore, the site also benefits from nearby access to State Highway 530 (5,300 VPD), making this a centralized location with easy commutes. Located in a dense retail...
...Features
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New construction
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Signalized intersection
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Dense retail corridor
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Freeway visibility
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Highway location
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Top 100 MSA
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Brand new lease
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Long 15+ yr lease
-
Absolute NNN
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Corporate Guarantee
...
Maps
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, under the name...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 1,448 | 16,907 | 31,728 |
| 2023 Total Population : | 1,520 | 17,749 | 33,288 |
| 2023 Employed Civilian Pop : | 648 | 7,414 | 13,066 |
| 2023 Total Businesses : | 73 | 652 | 1,486 |
| 2023 Average Household Income : | $ 68,375 | $ 64,356 | $ 62,117 |
| 2023 Total Consumer Spending : | $ 42 M | $ 440 M | $ 780 M |
| 2023 Median Age : | 46 | 39 | 39 |
| 2023 Total Households : | 719 | 7,784 | 14,258 |
| 2023 Pop Age 25+: Bachelor's Degree : | 261 | 2,649 | 4,016 |
| 2023 Average Home Value : | $ 187,956 | $ 154,438 | $ 137,660 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 530 | S Olive St | 2021 | 4,500 | 0.11 mi |
| US 63 | S Olive St | 2021 | 2,900 | 0.12 mi |
| 530 | S Olive St | 2021 | 5,100 | 0.13 mi |
| US 63 | S Olive St | 2021 | 3,000 | 0.14 mi |
| South Olive Street | Mallard Loop | 2021 | 12,000 | 0.24 mi |
| S Olive St | Mallard Loop | 2017 | 15,000 | 0.34 mi |
| Ridgway Road | S Olive St | 2021 | 2,800 | 0.43 mi |
| 530 | S Olive St | 2020 | 24,000 | 0.56 mi |
| South Olive Street | S Main St | 2021 | 12,000 | 0.58 mi |
| 530 | Sheffield Dr | 2021 | 1,000 | 0.88 mi |
