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Chick-fil-A Hendersonville South 640 Spartanburg Hwy 5,000 SF 4-Star Retail Building Hendersonville, NC 28792 $5,143,950 CAD ($1,028.79 CAD/SF) 3.50% Cap Rate

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EXECUTIVE SUMMARY

Chick-fil-A ground lease offered for sale that occupies one of two outparcels to the Harris Teeter anchored Southside Square shopping center (McDonald's is on other outparcel). Location is well positioned in this area of Hendersonville, NC with a freestanding Ingles and a Planet Fitness anchored center across the street with both a freestanding Publix and Fresh Market anchored center 1 block away. 20 year ground lease with over 15 years remaining in the initial lease term. 10% rent bump at Year 11 & 21, then 10% rent bump each 10th year during the renewal options (10 renewal options of 5 years each). One existing ROFR.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$5,143,950 CAD
Price Per SF
$1,028.79 CAD
Cap Rate
3.50%
NOI
$180,038 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.55 AC
Zoning
C - Commercial
Frontage
244’ on U.S. 176

AMENITIES

  • Signage
  • Signalized Intersection
  • Drive Thru
  • Storage Space
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Whether greeting at the drive-thru or making a meal inside the restaurant, Chick-fil-A® Team Members strive to serve up memorable experiences for each and every guest. And they hope that dining with them inspires people to spread that sense of warmth to others, too. Eating on the go can be a challenge, but they want to help. From hand-breading the chicken for their classic sandwiches to sourcing fresh produce for their salads and fruit cups, quality food has always been a top priority. They believe in delivering great fast food every day (except Sundays). Their founder, S. Truett Cathy, made the decision to close on Sundays in 1946. He knew what it was like to work seven days a week in restaurants, so he saw the importance of letting his employees set aside one day to rest and worship if they choose. That’s a practice they still uphold today.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Planet Fitness
Starbucks
Ingles Markets
Publix
The Fresh Market
TD Bank
CrossFit
Truist
Wells Fargo Home Mortgage
First Citizens Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1009168
Land Assessment
$1,430,272 CAD
Improvements Assessment
$1,482,731 CAD
Total Assessment
$2,913,003 CAD
  • Listing ID: 38312584

  • Date on Market: 2025-11-03

  • Last Updated:

  • Address: 640 Spartanburg Hwy, Hendersonville, NC 28792

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