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Restaurant

Chick-Fil-A

100 Hylton Ln, Beckley, WV 25801

Listing Price: $2,637,067

Cap Rate
3.75%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
4,996
Lease Type
Ground Lease
Rent Per Square Feet
$19.79

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Chick-fil-A a single-tenant property located at 100 Hylton Lane, Beckley, West Virginia 25801. The subject property is comprised of 4,996 square feet, built-in 2017. The building sits on a large 1.17 acre lot located just off Harper Road (±16,500 VPD) and West Virginia Turnpike which oversees ±46,800 Vehicles Per Day. Chick-fil-A operates on an absolute-net group lease backed by a corporate guaranty with 11 years remaining. At the end of the initial term, Chick-fil-A will have eight, five-year options to extend. The lease calls for 10% increases every 5-years including the options. ? Chick-fil-A is one of the largest American fast food restaurant chains and the largest whose specialty is chicken sandwiches. Its headquarters is in College Park, Georgia. Chick-fil-A was originally founded as the Dwarf Grill in 1946, changing the name to Dwarf House until rebranding as Chick-fil-A in 1967. The company operates more than 2,774 restaurants, primarily in the United States with locations in 47 states and the District of Columbia. The restaurant serves breakfast before transitioning to its lunch and dinner menu. Chick-fil-A also offers customers catered selections from its menu for special events. The company’s trademarked slogan, “We Didn’t Invent the Chicken, Just the Chicken Sandwich,”refers to their flagship menu item, the Chick-fil-A chicken sandwich.

Investment Highlights

  • Absolute-Net Ground Lease: 11-Years Remain on Lease with 10% Increases Every 5-Years; Including Each of the Eight, 5-Year Options to Extend the Term
  • Corporate Guaranty: Headquartered in College Park, Georgia; Chick-fil-A has over ±2,774 Locations and ±35,500 Employees
  • High Visibility & Ease of Access: Frontage on Harper Road which Oversees a Combined ±16,500 Vehicles Per Day; Less than 1-Mile from West Virginia Turnpike ±48,800 Vehicles Per Day

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s) WV0019009

    West Virginia

Restaurant

Chick-Fil-A

Listing Price: $2,637,067

Cap Rate
3.75%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
4,996
Lease Type
Ground Lease
Rent Per Square Feet
$19.79

Investment Highlights

  • Absolute-Net Ground Lease: 11-Years Remain on Lease with 10% Increases Every 5-Years; Including Each of the Eight, 5-Year Options to Extend the Term
  • Corporate Guaranty: Headquartered in College Park, Georgia; Chick-fil-A has over ±2,774 Locations and ±35,500 Employees
  • High Visibility & Ease of Access: Frontage on Harper Road which Oversees a Combined ±16,500 Vehicles Per Day; Less than 1-Mile from West Virginia Turnpike ±48,800 Vehicles Per Day

Investment Overview

The Deltondo Group and Marcus & Millichap are pleased to present for sale Chick-fil-A a single-tenant property located at 100 Hylton Lane, Beckley, West Virginia 25801. The subject property is comprised of 4,996 square feet, built-in 2017. The building sits on a large 1.17 acre lot located just off Harper Road (±16,500 VPD) and West Virginia Turnpike which oversees ±46,800 Vehicles Per Day. Chick-fil-A operates on an absolute-net group lease backed by a corporate guaranty with 11 years remaining. At the end of the initial term, Chick-fil-A will have eight, five-year options to extend. The lease calls for 10% increases every 5-years including the options. ? Chick-fil-A is one of the largest American fast food restaurant chains and the largest whose specialty is chicken sandwiches. Its headquarters is in College Park, Georgia. Chick-fil-A was originally founded as the Dwarf Grill in 1946, changing the name to Dwarf House until rebranding as Chick-fil-A in 1967. The company operates more than 2,774 restaurants, primarily in the United States with locations in 47 states and the District of Columbia. The restaurant serves breakfast before transitioning to its lunch and dinner menu. Chick-fil-A also offers customers catered selections from its menu for special events. The company’s trademarked slogan, “We Didn’t Invent the Chicken, Just the Chicken Sandwich,”refers to their flagship menu item, the Chick-fil-A chicken sandwich.

Exclusively Listed By

Broker of Record

  • Francis McGuire

    Broker Of Record

    (304) 751-6577

    License(s): WV0019009

    West Virginia

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