Restaurant

Chick-Fil-A

4670 Roosevelt Blvd, Philadelphia, PA 19124

Listing Price: $4,200,000

Cap Rate
4.00%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
15.60
Gross SF
4,964
Guarantor
Corporate Guarantee
Rentable SF
4,964
Price/Gross SF
$846.09
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.

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

Exclusively Listed By

  • Brad Nathanson

    Senior Managing Director Investments

    Email Brad

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

    Philadelphia

Listing Price: $4,200,000

Cap Rate
4.00%
Tenant Name
Chick-Fil-A
Years Remaining On Lease
15.60
Gross SF
4,964
Guarantor
Corporate Guarantee
Rentable SF
4,964
Price/Gross SF
$846.09
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.

Exclusively Listed By

  • Brad Nathanson

    Senior Managing Director Investments

    Email Brad

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

    Philadelphia

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