Listed by Franklin Street Atlanta
$4,320,000
Chick-fil-A (Atlanta)
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,000
Cap Rate 4.4%
NOI $190,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/29/2039
Remaining Term 13.1
Rent Bumps Yes
Price per SqFt $864
Year Built 2024
Acreage 2.240
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/19/2024
33,700 VPD | Across From Publix | Oversize Corner Lot
Marketing description
Franklin street is pleased to offer for sale the new construction chick-fil-a ground lease in oakwood, georgia, a northern suburb of the atlanta msa. the atlanta msa is now the 6th largest msa in the country with 6.4 million residents. Atlanta's economy is driven by its large presence in technology, logistics and distribution, life sciences and healthcare, and the film and entertainment industry. The region benefits from a strong concentration of corporate headquarters, an educated and growing population, extensive innovation hubs, and favorable tax incentives that attract and support a wide range of businesses. Chick-fil-a signed a new 15 year lease when their rent commenced in june 2024. the property is part of a new development that includes multiple other national brands and shares a lighted entrance with a strong performing publix anchored shopping center, across the street. The immediate area has a significant student population with university of north georgia's gainesville campus, along with middle and high schools all being within a mile of the site. Chick-fil-a relocated from across the street to expand into a large 2.24 acre lot here, allowing for double thru with extensive car stack. Chick-fil-a continues to lead the qsr industry in sales per unit, and will likely operate at an extremely low rent to sales ratio. Chick-fil-a remains a private company owned by the original founding family, but reports $22.7 b in annual revenue.
Investment highlights
- Chick-fil-a ground lease in the atlanta msa
- Oversized lot (2.24 acres) at lighted corner across from publix
- Part of a cohesive outparcel development: whataburger, panda express, express oil change, and 7 brew coffee
- Excellent visibility along highway 53: 33,700 vpd
- Located near lake lanier: 10 million annual visitors
- 1 mile from university of north georgia-gainesville campus: 7,500 students
- Chick-fil-a has the highest sales per unit volumes amongst qs rs with $9.4 m average unit volumes
- 14 years remaining on absolute nnn ground lease with 8% bumps every 5 years
Listing Contacts
Listed by Franklin Street Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo
Valuation Metrics
0
DSCR
4.4%
Cap Rate
4.4%
ROI
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