Investment Highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
» 15-year absolute NNN ground lease, with 10 extension periods of five (5) years each
» 8% rental increases every five years during the initial term and option periods
» Relocation site to larger-than-typical QSR parcel (2.40 acres), exemplifying the tenants commitment to the area and giving the location multiple future uses
» No landlord management, making this an ideal opportunity for an out-of-area investor
» Chick-fil-A is the largest chicken chain and the third-largest American fast food restaurant chain
» 2023 construction featuring dual-lane drive-thru with room for 54-vehicle stack, maximizing revenue for the site

HARD-CORNER LOCATION WITH ACCESS TO OVER 154K NEARBY RESIDENTS
» Prominent hard corner location along U.S. Route 231/Eastern Boulevard with access to 56,643 vehicles per day at the signalized intersection
» Nearby access to Interstate 85 (110,370 AADT), a major Alabama thoroughfare flowing traffic in and out of Montgomery
» Population of 154,268 within a five-mile radius of the location, creating a reliable customer base for the site
» $83,367 average annual household income within five miles (projected 17% increase by 2027)

INFILL LOCATION ALONG ONE OF MONTGOMERY’S PRIMARY RETAIL CORRIDORS
» Prime infill location surrounded by a strong mix of local and national retailers, including The Home Depot, Lowe’s Home Improvement, T.J. Maxx, Guitar Center, Office Depot, McDonald’s, Starbucks, and numerous others
» Located near Montgomery’s busiest community hubs, including Baptist Medical Center South (492 beds, 1,379 employees), Alabama State University (3,614 students), and Trenholm State Community College (1,526 students)
» One mile from the Alabama Shakespeare Festival grounds (300,000 annual visitors)

Property Description

SOLD

» Chick-fil-A is located along U.S. Route 231/Eastern Boulevard (56,643 AADT), with nearby access to Interstate 85 (110,370 AADT) a major Alabama thoroughfare flowing traffic in and out of Montgomery
» The property is situated at a hard-corner signalized intersection with two access points, providing excellent visibility and convenient access to the location
» The site is an infill location near Montgomery’s busiest community hubs, including Baptist Medical Center South (492 beds, 1,379 employees), Alabama State University (3,614 students), and Trenholm State Community College (1,526 students)
» The property is just one mile from the Alabama Shakespeare Festival grounds (300,000 annual visitors)
» 154,268 residents with an average annual household income of $83,367 live within a five-mile radius, creating a reliable customer base for the site
» The average annual household is projected to increase 17% by 2027, poising Chick-fil-A and Montgomery for significant concurrent growth