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Restaurant

Chick-fil-A | Low Rent | Recently Renovated Unit

28632 Marlboro Ave, Easton, MD 21601

Listing Price: $3,288,353

Cap Rate
4.25%
Tenant Name
Chick-fil-A
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,195
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.31

Investment Overview

The Tenant, Chick-fil-A, Inc., has four years remaining on a corporate NNN
ground lease. The lease features rental increases of 10 percent (10%) in each of its four, five-year option
periods, providing revenue growth and a hedge against inflation. Chick-fil-A operates successfully in this
4,195 square-foot restaurant with dual drive-thru and outdoor dining that was added in 2023. Per Placer.
Ai, this location ranks in the 71st percentile chainwide and is the 2nd best of six stores within a 30-mile
radius with 937.8 thousand annual customer visits. The combination of the unit’s Placer.Ai ranking and
tenant-funded renovation provides a high likelihood of the tenant’s renewal.

Investment Highlights

  • TOP 1/3 OF ALL CHICK-FIL-A LOCATIONS NATIONALLY PER PLACER.AI
  • RECENT RENOVATION AND DRIVE-THRU EXPANSION
  • 10% INCREASES PER OPTION

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

    Managing Director Investments

    (202) 536-3757

    Email David

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

    Washington, D.C.

Restaurant

Chick-fil-A | Low Rent | Recently Renovated Unit

Listing Price: $3,288,353

Cap Rate
4.25%
Tenant Name
Chick-fil-A
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,195
Lease Type
NNN Ground Lease
Rent Per Square Feet
$33.31

Investment Highlights

  • TOP 1/3 OF ALL CHICK-FIL-A LOCATIONS NATIONALLY PER PLACER.AI
  • RECENT RENOVATION AND DRIVE-THRU EXPANSION
  • 10% INCREASES PER OPTION

Investment Overview

The Tenant, Chick-fil-A, Inc., has four years remaining on a corporate NNN ground lease. The lease features rental increases of 10 percent (10%) in each of its four, five-year option periods, providing revenue growth and a hedge against inflation. Chick-fil-A operates successfully in this 4,195 square-foot restaurant with dual drive-thru and outdoor dining that was added in 2023. Per Placer. Ai, this location ranks in the 71st percentile chainwide and is the 2nd best of six stores within a 30-mile radius with 937.8 thousand annual customer visits. The combination of the unit’s Placer.Ai ranking and tenant-funded renovation provides a high likelihood of the tenant’s renewal.

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

    Managing Director Investments

    (202) 536-3757

    Email David

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

    Washington, D.C.

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