Corporate Guarantee from Strong Tenant
- Chick-Fil-A currently operates over 3,000 locations
- Employs over 200,000 people
- 2022 U.S. system sales totaled $18.8B (up 13% from 2021)
- 3rd largest fast-food chain in the Country by sales volume (QSR Magazine)
Attractive Lease Fundamentals
- 20 year ground lease provides next owner with zero landlord responsibilities
- 10% rental increases in option periods
Strong Surrounding Demographics in High-Growth MA
- Approximately 200k people live in a 5-mile radius
- AAHI exceeds $100k in a 1-mile radius
- Raleigh ranked as the 2nd fastest growing metro from 2010 to 2024
Nearby Other Major Retailers and Apartments
- The subject site is located on a Walmart (over 1.6M visits/yr) outparcel
- Over 1.2MSF of retail space is located in a 1-mile radius, boasting a 1.3% vacancy rate
- Approximately 1,173 apartments are located within 1-mile radius
New Construction on Large Parcel
- Newly built Chick-Fil-A with the double drive through prototype
- The parcel has its own dedicated parking lot
- Subject site is approximately 1.65 acres
A Top Performing Market Nationally
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in bets place to live for 2023-2024 (U.S. News)