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Restaurant

Chick-Fil-A

4670 Roosevelt Blvd, Philadelphia, PA 19124

Listing Price: $3,750,000

Cap Rate
3.81%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
15.3
Gross SF
4,964
Guarantor
Corporate Guarantee
Rentable SF
4,964
Price/Gross SF
$755.44
Lease Type
Ground Lease
Rent Per Square Feet
$28.81

Investment Overview

Marcus & Millichap exclusively offers for sale a trophy Chick-Fil-A ground lease at the main entrance to Northeast Tower Center, a 500,000 square foot regional power center anchored by Walmart, Home Depot, Old Navy, PetSmart, Five Below, and Ross, located on the Roosevelt Boulevard in Philadelphia, Pennsylvania.

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Investment Highlights

  • Chick-Fil-A has approximately 16 years remaining on a 20-year ground lease with attractive 10% rental increases every five years
  • Strategically positioned on the twelve lane Roosevelt Boulevard, the main commercial artery serving Northeast Philadelphia, with combined traffic counts exceeding 129,000
  • Chick Fil-A operates more than 2,300 restaurants in the United States, third largest fast-food operator in the country, and has over $11 billion in revenue
  • Hyper Urban Infill Location with over 430,000 people within three miles, located approximately 6.5 miles north of Center City Philadelphia
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Exclusively Listed By

  • Brad Nathanson

    Senior Managing Director Investments

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

Restaurant

Chick-Fil-A

4670 Roosevelt Blvd, Philadelphia, PA 19124

View Listing Documents
Property Image
Property Image
Gallery View Map Street View

Listing Price: $3,750,000

Cap Rate
3.81%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
15.3
Gross SF
4,964
Guarantor
Corporate Guarantee
Rentable SF
4,964
Price/Gross SF
$755.44
Lease Type
Ground Lease
Rent Per Square Feet
$28.81

Investment Highlights

  • Chick-Fil-A has approximately 16 years remaining on a 20-year ground lease with attractive 10% rental increases every five years
  • Strategically positioned on the twelve lane Roosevelt Boulevard, the main commercial artery serving Northeast Philadelphia, with combined traffic counts exceeding 129,000
  • Chick Fil-A operates more than 2,300 restaurants in the United States, third largest fast-food operator in the country, and has over $11 billion in revenue
  • Hyper Urban Infill Location with over 430,000 people within three miles, located approximately 6.5 miles north of Center City Philadelphia

Investment Overview

Marcus & Millichap exclusively offers for sale a trophy Chick-Fil-A ground lease at the main entrance to Northeast Tower Center, a 500,000 square foot regional power center anchored by Walmart, Home Depot, Old Navy, PetSmart, Five Below, and Ross, located on the Roosevelt Boulevard in Philadelphia, Pennsylvania.

Read More

Exclusively Listed By

  • Brad Nathanson

    Senior Managing Director Investments

    Email Brad

    License(s): PA: RS278775, NJ: 0674866

    Philadelphia

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