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Chick-fil-A (GL)
770 Winfield Dunn Parkway, Sevierville, TN 37862
$2,666,000
Cap Rate 5.00%
Summary
| Price $2,666,000 | Built/Renov 2023 | Tenant Chick-fil-A (GL) |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,995
| Lease Start
03-02-2023
| #Units
2,806
|
| Price/SF $533.73 | Expiration
03-01-2043
| Tenant Type Fast Casual/Rest. |
| NOI $133,288 | R. Term 19.2 | Ownership Ground Lease |
| Rent/SF
$26.68
| Increases 10.0%/11/yrs | Pop 5Mi 30,918 |
| Lot/AC 1.90 | Options 10/5yrs/10.3% | AHHI 5Mi $77,237 |
| | |
Lease Highlights
- New construction 2023 | Double lane drive-thru
- Chick-fil-A recently signed a 20-year lease with 10 (5-year) options to extend
- The lease features 10% scheduled rental increases throughout the initial term and at the beginning of each option period
- Absolute NNN lease | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
This newly constructed, 4,995 square foot Chick-Fil-A, equipped with a double drive-thru lane is positioned facing Winfield Dunn Parkway (62,000 VPD). The asset is an outparcel to Smoky Mountain Gateway, a HomeGoods, and Five Below anchored shopping center which drives consumer traffic to the immediate trade area. It is also an outparcel to a high performing Publix and is positioned next to a...
...Features
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New construction
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High traffic 50M+ VPD
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Major thoroughfare
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Shopping Ctr out-parcel
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Highway location
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Income tax free state
-
Brand new lease
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Long 15+ yr lease
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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 : | 2,366 | 14,189 | 31,798 |
| 2023 Total Population : | 2,301 | 13,773 | 30,930 |
| 2023 Employed Civilian Pop : | 1,274 | 6,390 | 14,933 |
| 2023 Total Businesses : | 144 | 993 | 1,727 |
| 2023 Average Household Income : | $ 82,842 | $ 73,506 | $ 77,172 |
| 2023 Total Consumer Spending : | $ 83 M | $ 374 M | $ 851 M |
| 2023 Median Age : | 41 | 40 | 41 |
| 2023 Total Households : | 1,142 | 5,814 | 12,630 |
| 2023 Pop Age 25+: Bachelor's Degree : | 617 | 1,803 | 3,389 |
| 2023 Average Home Value : | $ 279,777 | $ 307,038 | $ 317,014 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Winfield Dunn Pkwy | Hwy 66 | 2003 | 29,400 | 0.37 mi |
| Old Douglas Dam Road | Old Douglas Dam Rd | 2022 | 1,711 | 0.39 mi |
| Winfield Dunn Pkwy | Hwy 66 | 2005 | 29,560 | 0.39 mi |
| OLD KNOXVILLE HWY. | Spring St | 2021 | 8,934 | 0.51 mi |
| Old Knoxville Highway | Spring St | 2022 | 8,225 | 0.51 mi |
| Winfield Dunn Parkway | Winfield Dunn Pkwy | 2022 | 55,826 | 0.61 mi |
| ALLENSVILLE RD. | Old Douglas Dam Rd | 2021 | 6,502 | 0.70 mi |
| Allensville Road | Old Douglas Dam Rd | 2022 | 5,991 | 0.70 mi |
| Love Road | U St | 2022 | 1,899 | 0.88 mi |
| US 411;US 441 | Lathem Ln | 2021 | 15,031 | 0.99 mi |
