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Chick-fil-A | 12yrs Remain Corp NNN GL 2071 N Telegraph Rd 5,220 SF 4-Star Retail Building Monroe, MI 48162 $3,362,576 CAD ($644.17 CAD/SF) 4% Cap Rate
Investment Highlights
- 12 Years Remaining | Options To Extend | 10% Rental Increases | Corporate Signature | Double Drive-Thru Equipped
- Prime Retail Corridor | Steps From Major Retail Destinations
- Direct Residential Consumer Base | Strong Trade Area Demographics
- NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection
Executive Summary
• Approximately 12 years of remaining primary term with (8) 5-year renewal options, providing stable in-place income and long-term extension potential
• 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation
• The tenant, Chick-fil-A, Inc., is the corporate entity for Chick-fil-A, the third-largest QSR brand in the nation with more than 3,380 locations
• The property features double drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance
• 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation
• The tenant, Chick-fil-A, Inc., is the corporate entity for Chick-fil-A, the third-largest QSR brand in the nation with more than 3,380 locations
• The property features double drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,220 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$3,362,576 CAD
Price Per SF
$644.17 CAD
Cap Rate
4%
NOI
$134,503 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.17 AC
Zoning
C-2 - General Commercial
Parking
67 Spaces (12.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Chick-fil-A began in 1946 when Truett Cathy opened Dwarf Grill in Georgia. The original restaurant pioneered the chain's famous chicken sandwich. Over decades, the company expanded across the United States and into Canada while maintaining its signature menu. Today, the brand operates numerous locations nationwide while staying closed on Sundays. Their business model focuses on quick-service restaurants and licensed catering services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-076-003-50 | Improvements Assessment | $1,052,006 CAD |
| Land Assessment | $494,093 CAD | Total Assessment | $1,546,099 CAD |
Property Taxes
Parcel Number
07-076-003-50
Land Assessment
$494,093 CAD
Improvements Assessment
$1,052,006 CAD
Total Assessment
$1,546,099 CAD
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Chick-fil-A | 12yrs Remain Corp NNN GL | 2071 N Telegraph Rd
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