Chick-Fil-A Ground Lease,
Sumter, SC Investment Summary
| Price | $2,996,795 |
| Cap Rate | |
| NOI | |
| Lease Term | 15 Years |
| Lease Type | Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2022 |
| Building Size | Contact For Details |
| Lot Size | 1.58 Acres (68,825 SF) |
| Status | Closed |
| Lead Brokers | Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
NEW 15-YEAR ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» 15-year absolute NNN ground lease, with eight (8) extension periods of five (5) years each
» 10% fixed rental increases every five years, providing a hedge against inflation
» 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
» Located on larger-than-typical QSR parcel (1.58 acres)
» 2022 construction featuring dual-lane drive-thru with room for 48-vehicle stack
HIGH-VISIBILITY LOCATION AT SIGNALIZED FOUR-WAY INTERSECTION OUTPARCEL TO WALMART NEIGHBORHOOD MARKET
» Conveniently located at the signalized four-way intersection of McCrays Mill Road and Pinewood Road, with excellent visibility and access to 34,600 vehicles per day
» Outparcel to Walmart Neighborhood Market, creating significant crossover shopping
» Immediately surrounded by notable tenants such as Walgreens, Ace Hardware, McDonald’s, Sonic Drive-In, Zaxby’s, Arby’s, Starbucks, and many more
» Surrounded by high-density, single family housing developments and townhouses
DENSELY POPULATED AREA WITH EXCELLENT SOUTH CAROLINA DEMOGRAPHICS
» 63,078 residents live within five miles of the property
» Average annual household income of $88,998 within a one-mile radius of the site
» 10.5 miles from Shaw Air Force Base (7,140 active duty, 14,000 family members, 730 civilians)
» Projected income increases within 1-, 3-, and 5-mile radii over the next five years, poising Chick-fil-A and Sumter for steady concurrent growth
» Beneficial proximity to highly attended area schools, including University of South Carolina-Sumter and Sumter High School (combined 3,309 students)
Property Description
SOLD
» The property is conveniently located at the signalized four-way intersection of McCrays Mill Road and Pinewood Road, with excellent visibility and access to 34,600 vehicles per day
» Located in a growing retail corridor, the property is an outparcel to Walmart Neighborhood Market and immediately surrounded by notable tenants such as Walgreens, Ace Hardware, McDonald’s, Sonic Drive-In, Zaxby’s, Arby’s, Starbucks, and many more, creating significant crossover shopping
» This Chick-fil-A is surrounded by high-density, single family housing developments and townhouses
» The site greatly benefits from its proximity 10.5 miles from Shaw Air Force Base, which features 7,140 active duty, 14,000 family members, and 730 civilians
» The location serves highly attended area schools, including University of South Carolina-Sumter and Sumter High School (combined 3,309 students)
» Projected income increase within 1-, 3-, and 5-mile radii over the next five years poise Chick-fil-A and Sumter for steady concurrent growth
