Listed by Matthews
$805,863
Chicken Salad Chick | 28,000 VPD
Details
APN 15-05-21-4-000-015.000
Property Type Retail
Sub Type Restaurant
Square Footage 5,184
Cap Rate 8.00%
NOI $64,469
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 2.6
Lease Expiration 01/29/2028
Remaining Term 1.5
Rent Bumps Yes
Lease Options 2 (5 year)
Year Built 1970
Acreage 0.610
Lease Commencement 06/28/2025
Ground Lease No
Top 200 Chain | Excellent Visibility | 28,000 VPD
Marketing description
We are excited to bring to market a rare opportunity in Gadsden, AL – the only Chicken Salad Chick in the surrounding area. This popular lunch destination sits directly on Rainbow Drive, benefitting from strong visibility and traffic counts of over 28,000 vehicles per day. Chicken Salad Chick operates the front portion of the building, while the current owner utilizes the back as a 1,900 SF office. As part of the transaction, the owner is willing to sign an 18-month lease on the office space. With a strong tenant base, high traffic location, and built-in upside, this is a unique opportunity in the Gadsden market.
Investment highlights
- High-visibility retail corner: Located on Rainbow Drive — ~30,000 VPD, providing excellent drive-by exposure and easy accessibility for quick lunch and takeout trips.
- No competition: the only Chicken Salad Chick in Gadsden, giving the site exclusive brand presence in the city and a strong capture of local lunchtime demand.
- Restaurant operator: Tenant is a 3 unit operator franchisee — a regional operator with demonstrated commitment to the brand and stable operating history. Chicken Salad Chick is a popular local lunch destination with strong repeat customer traffic.
- Immediate income + optional office revenue: The seller currently occupies the office in the back of building (1,900 SF) and is willing to sign an 18-month lease (already accounted for in the price), providing immediate additional cash flow or the buyer the flexibility to re-purpose or re-lease that space. This rent is already calculated in the underwriting.
- Proven daytime customer base: Quick-service lunch concept with consistent midday demand — benefits from strong nearby employment and retail nodes that feed steady lunchtime sales.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$64,469.00
$5,372.42/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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