905 E Broad Ave
New 15-Year Abs NNN Lease | Strong Infill Location
Marketing description
New 15-year absolute NNN corporate lease with 10% rental increases every five (5) years
Thirteen (13) option periods of five (5) years each, providing an excellent long-term investment opportunity with the largest chicken chain in the U.S. with over 2,900 units
Chick-fil-A hit a milestone in 2023, with systemwide sales reaching $21.6B, beating 2022’s total of$18.8B
The average revenue for non-mall Chick-fil-A locations reached about $9.4M in 2023, up from $8.67 million in 2022
Chick-fil-A’s drive-thru locations have shown impressive growth in sales volume over recent years, with locations averaging approximately $9M in annual sales in 2023 and $8.5M in 2022
In 2024, Chick-fil-A opened approximately 75 new locations across various regions
QSR Magazine reported that the company plans to invest $1B through 2025 toward international expansion in Europe and Asia with the goal to be in five international market by 2030
Investment highlights
- Prime Location with High Visibility: Positioned on Broad Avenue, the property benefits from 17,500 daily vehicles passing directly in front of the site, ensuring steady exposure for Chick-fil-A.
- Turnkey Investment Opportunity: The absolute NNN lease eliminates landlord responsibilities, providing stable and predictable income backed by a proven tenant.
- Exceptional Lease Terms: Featuring a 15-year lease with 10% rent escalations every five years, the property offers consistent NOI growth and long-term security.
- Optimized for High Volume: The 4,982 SF facility is situated on a 1.78-acre site, equipped with a dual-lane drive-thru and ample parking to accommodate peak-hour traffic.
- Proven Tenant Performance: Chick-fil-A’s average annual unit sales of $8.5 million positions the tenant as a reliable and financially secure operator.
- Depreciation Benefits for Investors: Built-to-suit construction allows property owners to depreciate improvements, enhancing the investments' after-tax returns.
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