Skip to main content

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

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
4,999
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.01

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.

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

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Financing By

Restaurant

Chick-fil-A | 13+ Years Remain | Washington, D.C. MSA | Below-Market Rental Rate

Listing Price: $3,250,000

Cap Rate
4.00%
Tenant Name
Chick-fil-A
Years Remaining On Lease
13.4
Guarantor
Corporate Guarantee
Rentable SF
4,999
Lease Type
NNN Ground Lease
Rent Per Square Feet
$26.01

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.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

Financing By

MM Texture Background
MM Textured Background Lower