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34332434
34332435

5580 Wren Street, Cumming, GA 30286

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments
$6,250,000
3 days on market
Updated 3 days ago

Chick-Fil-A | 20 Yr Ground Lease | 1.94 Acres

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food
Square Footage 5,211
Net Rentable (SqFt) 5,211
Cap Rate 4%
NOI $250,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A
Lease Type Net
Lease Term 20
Lease Expiration 09/09/2046
Remaining Term 20.2
Rent Bumps Yes
Lease Options Nine (Five-Year) Options
Class A
Year Built 2026
Acreage 1.940
Zoning CBD
Parking Spaces 70 spaces
Parking per 1,000 SqFt 13.43
Investment Type Institutional
Tenant Credit Corporate Guarantee
Lease Commencement 09/10/2026
Ground Lease No

Chick-Fil-A | 20-Yr Abs NNN Lease | 1.94 Acres

Marketing description

Faris Lee Investments is pleased to present the rare opportunity to acquire a trophy Chick-fil-A Investment in Georgia’s Wealthiest County, with the grand opening projected for September 2026. The asset is secured by a rare 20-year corporate absolute NNN ground lease featuring 10% rental increases every five years, offering investors a passive, inflation-hedged income stream with zero landlord responsibilities and increasing cash flow throughout the lease term.

Strategically positioned on a dominant hard-corner outparcel within Southard Exchange, the site benefits from exceptional retail synergy between Kroger- and Publix-anchored shopping centers that collectively generate more than 3.2 million annual visits according to Placer.ai. The development has attracted a premier tenant lineup including Fifth Third Bank, Shake Shack, Maepole, and 7 Brew, with additional grocery and medical users planned.

Embedded within the highly affluent and rapidly growing Forsyth County—Georgia’s wealthiest county by median household income—the property is supported by average household incomes exceeding $190,000 and serves more than 140,000 residents within a five-mile radius. Backed by Chick-fil-A, one of the nation’s most sought-after net lease tenants, this offering represents a rare opportunity to acquire a trophy retail investment in one of the Southeast’s strongest growth markets.

Investment highlights

  • Trophy Chick-Fil-A in Georgia's Wealthiest County - CORPORATE GUARANTY
  • Rare 20-Year Absolute NNN Ground Lease - Zero Landlord Responsibilities
  • Exceptionally Affluent Demographics - #1 Median household income in Georgia ($191k AHHI)
  • Kroger & Publix Anchored Trade Area - 3.2M Annual Visitors according to Placer.AI
  • Premier Outparcel within the Southard Exchange Development - 16-acre mixed use development anchored by medical & grocer with A+ outparcel lineup
  • Double Drive-Thru Prototype that featured a large 5,211 SF Building on a 1.94 Acre Parcel

Listing Contacts

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
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Annual Cash Flow
$250,000.00
$20,833.33/mo

Valuation Metrics

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DSCR
4%
Cap Rate
4%
ROI

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