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Chick-fil-A, Lavonia, GA

Chick-fil-A

Price $3,900,000
Cap Rate
NOI
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 2018
Building Size 4,995 SF
Lot Size 2.0 Acres (87,120 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO ICONIC TENANT
» Leased to Chick-fil-A, Inc. for 15 years, plus 13 five-year options
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management, providing the ideal investment opportunity for an outof-area investor
» Unique Chick-fil-A offering—landlord can depreciate building
» As of 2018, Chick-fil-A is on track to become the third largest fast food chain, behind McDonald’s and Wendy’s
» Chick-fil-A has iconic brand recognition and a loyal customer base

HIGH-TRAFFIC LOCATION WITH IMMEDIATE FREEWAY ACCESS
» Excellent visibility and access to 13,000 vehicles per day directly in front of the site at the hard corner of Jones Street and Owens Drive
» Immediate access to Interstate 85 (45,900 AADT)
» Interstate 85 is the primary freeway in the region and connects Lavonia to the metro areas of Atlanta and Greenville and provides access to popular Lake Hartwell, visited by more than 10.5 million people each year
» Perfectly positioned to capture tourist and commercial traffic
» Surrounded by complimentary retailers catering to both travelers and locals

NEAR MAJOR EMPLOYERS AND COMMUNITY AMENITIES
» Less than a mile from St. Mary’s Sacred Heart Hospital, the only hospital in Franklin County
» St. Mary’s Sacred Heart Hospital has 56 private patient rooms, 500 employees, and an annual economic impact of more than $75.7 million
» Near industrial operations for several of Franklin County’s largest employers, including AutoZone (540 employees) and Kautex Textron (140 employees)

NEW 2018 CONSTRUCTION
» Features dual-lane drive-thru, catering to through traffic along Interstate 85
» Large two-acre parcel



Property Description

SOLD
The property is conveniently located at the hard corner of Jones Street and Owens Drive, with excellent visibility and access to 13,000 vehicles per day directly in front of the site. The property benefits from immediate access to Interstate 85, which experiences a high traffic count of 45,900 vehicles per day. Interstate 85 is the primary freeway in the region and connects Lavonia to the metro areas of Atlanta and Greenville and provides access to popular Lake Hartwell. The property is located in the dense retail area surrounding Lavonia’s Interstate 85 exit, where national brand restaurants, hotels, and other merchants welcome travelers and locals. Notable tenants in the area include Exxon, Zaxby’s, Hampton Inn & Suites, Holiday Inn Express, Dairy Queen, Burger King, Cracker Barrel, Taco Bell, and McDonald’s. The property is also just a short distance from retailers located in and around downtown Lavonia, including Rite Aid, Farmers Home Furniture, Dollar General, and Family Dollar, amongst others.

The property about a seven-minute drive from Lake Hartwell, which is bisected by Interstate 85. Lake Hartwell is one of the Southeast’s largest and most popular recreational lakes and is one of the most visited lakes in the country, receiving more than 10.5 million visitors per year. Additionally, the property is less than a mile from St. Mary’s Sacred Heart Hospital. As the only hospital in Franklin County, the 56-bed St. Marcy’s Sacred Heart Hospital serves a wide range of patients. The hospital is one of the county’s largest employers, with 500 employees, and generates more than $75.7 million in revenue for the local and state economy each year. Located near multiple industrial areas, the property is close to several more of the region’s top employers, including AutoZone (540 employees), Kautex Textron (140 employees), and Bosal Industries (50 employees).

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