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.