Restaurant
Chick-fil-A | 13+ Years Remain | Washington, D.C. MSA | Below-Market Rental Rate
3710 Crain Hwy, Waldorf, MD 20603
Listing Price: $3,250,000
Investment Overview
The Tenant, Chick-fil-A, has more than 13 years remaining on an absolute NNN ground lease with rental increases of 10 percent (10%) every five years during the base term and eight, five-year option periods. The lease was executed in March 2018 at a rental rate of $130,000 annually, which is under market rates today. The rental rate of the nearby Raising Canes supports this fact, as it is in the range of $170,000-175,000. The Chick-Fil-A operator has two other locations in Waldorf, and has verbalized that this location has the top store sales of the three.
Restaurant
Chick-fil-A | 13+ Years Remain | Washington, D.C. MSA | Below-Market Rental Rate
Listing Price: $3,250,000
Investment Highlights
- 13+ Year-Term NNN Ground Lease with 10% Increases Every 5 Years
- Modern Double Drive-Thru Prototype
- Best-In-Class Retailer and 3rd Largest Fast-Food Chain in the US
Investment Overview
The Tenant, Chick-fil-A, has more than 13 years remaining on an absolute NNN ground lease with rental increases of 10 percent (10%) every five years during the base term and eight, five-year option periods. The lease was executed in March 2018 at a rental rate of $130,000 annually, which is under market rates today. The rental rate of the nearby Raising Canes supports this fact, as it is in the range of $170,000-175,000. The Chick-Fil-A operator has two other locations in Waldorf, and has verbalized that this location has the top store sales of the three.
