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Restaurant

Church's Chicken

2401 W Sunrise Blvd, Fort Lauderdale, FL 33311

Listing Price: $1,592,400

Cap Rate
5.00%
Tenant Name
Church's Chicken
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
1,364
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.37

Investment Overview

Marcus & Millichap is pleased to present for sale Church’s Chicken (the "Property"), a single-tenant, net-leased QSR located in Fort Lauderdale, Florida. The Property has a drive-thru lane and is situated at the first signalized intersection heading west off Interstate 95 on Sunrise Boulevard, on the go-to-home side of the street.

Church’s Chicken, a renowned brand with over 1,500 locations across 24 countries, has operated successfully for nearly 20 years at this location. The tenant exercised a 10-year extension option in 2024, extending the term to the end of December 2034. The lease provides for 1.5% annual increases. The current rental rate, established in 2005, is SUBSTANTIALLY below market rates, providing for tremendous upside for an investor upon completion of the lease term.

Located in Fort Lauderdale, with immediate access to Interstate 95 along West Sunrise Boulevard, the Property is also 2.5 miles east of The Florida Turnpike, making its location ideal for patrons. Traffic counts on West Sunrise Boulevard, directly in front of the Property, are approximately 54,000 vehicles daily.

Investment Highlights

  • Absolute NNN Lease | No Landlord Expenses
  • Annual 1.5% Rental Increases
  • Tenant Option Exercised in 2024 | 10 Years of Term Remaining
  • Located at 1st Signalized Intersection off of I-95
  • Drive-Thru
  • Corporate Owned Store with Corporate Guarantor on Lease
  • Significantly Below-Market Rent

Exclusively Listed By

Listing Price: $1,592,400

Cap Rate
5.00%
Tenant Name
Church's Chicken
Years Remaining On Lease
10.5
Guarantor
Corporate Guarantee
Rentable SF
1,364
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$58.37

Investment Highlights

  • Absolute NNN Lease | No Landlord Expenses
  • Annual 1.5% Rental Increases
  • Tenant Option Exercised in 2024 | 10 Years of Term Remaining
  • Located at 1st Signalized Intersection off of I-95
  • Drive-Thru
  • Corporate Owned Store with Corporate Guarantor on Lease
  • Significantly Below-Market Rent

Investment Overview

Marcus & Millichap is pleased to present for sale Church’s Chicken (the "Property"), a single-tenant, net-leased QSR located in Fort Lauderdale, Florida. The Property has a drive-thru lane and is situated at the first signalized intersection heading west off Interstate 95 on Sunrise Boulevard, on the go-to-home side of the street. Church’s Chicken, a renowned brand with over 1,500 locations across 24 countries, has operated successfully for nearly 20 years at this location. The tenant exercised a 10-year extension option in 2024, extending the term to the end of December 2034. The lease provides for 1.5% annual increases. The current rental rate, established in 2005, is SUBSTANTIALLY below market rates, providing for tremendous upside for an investor upon completion of the lease term. Located in Fort Lauderdale, with immediate access to Interstate 95 along West Sunrise Boulevard, the Property is also 2.5 miles east of The Florida Turnpike, making its location ideal for patrons. Traffic counts on West Sunrise Boulevard, directly in front of the Property, are approximately 54,000 vehicles daily.

Exclusively Listed By

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