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Restaurant

Chick-fil-A | New 15-Yr. Absolute NNN Lease

118 Hilltop Way, Forest City, NC 28043

Listing Price: $5,330,000

Cap Rate
3.75%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
4,954
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.23

Investment Overview

Marcus & Millichap is pleased to present the Chick-fil-A in Forest City, NC.

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty, Over 2,795 Locations in 47 States and System-Wide Sales of $13.7 Billion
  • 3rd Largest Fast Food Chain in the U.S. with Average Sales of $8.1 Million Per-Store
  • Chick-fil-A has Experienced 52 Consecutive Years of Sales Growth
  • Brand New Construction Featuring Latest Chick-fil-A Prototype with a Double Drive-Thru
  • Serving Over 67,000 Residents in Rutherford County, 60 Miles West of Downtown Charlotte
  • Strategic Location, Only Chick-fil-A in the County
  • Highly Visible to Approximately 36,000 Cars/Day Along Major Thoroughfare

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Restaurant

Chick-fil-A | New 15-Yr. Absolute NNN Lease

Listing Price: $5,330,000

Cap Rate
3.75%
Tenant Name
Chick-fil-A
Years Remaining On Lease
14.4
Guarantor
Corporate Guarantee
Rentable SF
4,954
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.23

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Corporate Guaranty, Over 2,795 Locations in 47 States and System-Wide Sales of $13.7 Billion
  • 3rd Largest Fast Food Chain in the U.S. with Average Sales of $8.1 Million Per-Store
  • Chick-fil-A has Experienced 52 Consecutive Years of Sales Growth
  • Brand New Construction Featuring Latest Chick-fil-A Prototype with a Double Drive-Thru
  • Serving Over 67,000 Residents in Rutherford County, 60 Miles West of Downtown Charlotte
  • Strategic Location, Only Chick-fil-A in the County
  • Highly Visible to Approximately 36,000 Cars/Day Along Major Thoroughfare

Investment Overview

Marcus & Millichap is pleased to present the Chick-fil-A in Forest City, NC.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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