the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb property for sale churchs chicken columbia tn

Church's Chicken 20-Year Absolute Triple-Net (NNN)

place 111 Old Bear Creek Pike, Columbia, TN 38401

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EXECUTIVE SUMMARY

LIST PRICE $2,999,999
CAP RATE 6.64%
AVERAGE 20-YEAR CAP RATE 7.90%
NET OPERATING INCOME $199,152
INCREASES 2% Annual Increases
LEASE TERM 20 Years
OPTIONS Three 5-Year Options
LOT SIZE 46,609 (1.07 ACRES)
TYPE OF OWNERSHIP Fee Simple
GUARANTY Franchisee
TRAFFIC COUNTS Over 22,000 cars per day

INVESTMENT DESCRIPTION

The Ben-Moshe Brothers of Marcus & Millichap are pleased to offer this Church’s Chicken property paired with an absolute net 20-Year lease with zero landlord responsibilities. Church's Chicken is a U.S.-based chain of fast food restaurants specializing in fried chicken, also trading outside North America and Asia as Texas Chicken. The chain was founded as Church's Fried Chicken To Go by George W. Church, Sr., on April 17, 1952, in San Antonio, Texas, across the street from The Alamo.

INVESTMENT HIGHLIGHTS

    Brand New 20-Year Lease
    Absolute Triple-Net
    Zero Landlord Responsibilities
    Brand New Construction
    Brand New Prototype
    Tax Free State – No State Income Tax
    Store Opened On October 31, 2017 – Very Busy Store
    Over 45 Years Of Restaurant & Bar Experience
    Rare 2 Percent Annual Bumps
    Area With Very High Sales Volumes – Available Upon Request
    Over 22,000 Vehicles Per Day
    Over $50,000 In Household Income Within 5 Miles
    Convenient Ingress And Egress
    Single-tenant Net-leased Asset

Exclusive Listing


the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Roee Ben-Moshe
  786-522-7083
  404-683-8383
  Email

the ben-moshe brothers of marcus millichap commercial real estate nnn caprates bmb roee ben moshe leeor ben moshe
Leeor Ben-Moshe
  786-522-7059
  404-307-7515
  Email

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