x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Chick-fil-A, Douglas, GA

Chick-fil-A

Douglas, GA

Price $4,667,000
Cap Rate 3.75%
NOI $175,025
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 4,971 SF
Lot Size 1.28 Acres (55,757 SF)
Status Under Contract
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Chick-fil-A is the largest chicken chain and the third largest American fast food restaurant chain
» Unique Chick-fil-A offering where landlord can depreciate the building
» 10% fixed rental increases every five years, providing a hedge against inflation
» No landlord management and an ideal opportunity for an out-of-area investor
» New construction featuring latest Chick-fil-A prototype, including 24 outdoor seats and a dual-lane drive-thru

CENTRAL LOCATION NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Outparcel to a 165,000-SF center anchored by Hobby Lobby, Marshalls, and Starbucks (under construction)
» Surrounded by several national retailers, including Walmart Supercenter, Belk, Lowe’s Home Improvement, and many more, promoting crossover shopping
» One mile from South Georgia State College (2,214 students), significantly improving lunchtime traffic
» 1.5 miles from Douglas Municipal Airport, which experiences an average of 21,000 general aviation aircraft operations annually
» Two miles from a Walmart Distribution Center, the largest employer in Douglas (1,600 employees)

HIGH-VISIBILITY LOCATION IN GROWING GEORGIA SUBMARKET
» Strategic location near the signalized four-way intersection of U.S. Route 441/ Peterson Avenue South and Bowens Mill Road (37,700 AADT)
» 23,341 residents living within a five-mile radius of the location, providing a large customer base for the site
» Projected average annual household income increase of 10 percent within five miles of the site in the next five years, poising Chick-fil-A and Douglas for concurrent growth
» Excellent location in a major Georgia commuter corridor, with close proximity to several high-density, single-family developments
» Only Chick-fil-A location within a one-hour drive of the site, greatly increasing local traffic to the property



Property Description

The property has a strategic location near the signalized four-way intersection of U.S. Route 441/Peterson Avenue South and Bowens Mill Road, which experiences 37,700 vehicles per day at the intersection. The site is outparcel to a new 165,000-SF shopping center, which will be anchored by Hobby Lobby, Marshalls, and Starbucks (under construction). It benefits from its location in a growing area, with 23,341 residents living within a five-mile radius of the site. The location is primed to grow along with the surrounding area, with a projected average annual household income increase of 10 percent within five miles of the site in the next five years. The property maintains an excellent location in a major Georgia commuter corridor, with close proximity to several high-density, single family developments. The location is also the only Chick-fil-A location within a one-hour drive of the site, greatly increasing local traffic to the property.

The location benefits from its proximity near large schools, employers, and community hubs. The property is surrounded by several national retailers, including Walmart Supercenter, Belk, Tractor Supply Company, Lowe’s Home Improvement, Dollar Tree, McDonald’s, Taco Bell, and many more, promoting crossover shopping to the location. The site is also one mile from South Georgia State College (2,214 students), significantly improving lunchtime traffic. The site greatly benefits from its proximity 1.5 miles from Douglas Municipal Airport (average of 21,000 general aviation aircraft operations annually) and two miles from a Walmart Distribution Center, the largest employer in Douglas (1,600 employees).

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link