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Chick-fil-A Hendersonville South 640 Spartanburg Hwy 5,000 SF 4-Star Retail Building Hendersonville, NC 28792 $5,120,142 CAD ($1,024.03 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

LoopNet Rating

4 Star

Year Built

2021

Price

$5,120,142 CAD

Price Per SF

$1,024.03 CAD

Cap Rate

3.50%

NOI

$179,205 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

Signage
Signalized Intersection

Drive Thru

Storage Space

Air Conditioning

Accommodation and Food Services
-
$9.99
Lorem Ipsum
Jan 0000

Chick-fil-A is a privately held quick-service restaurant chain best known for its chicken sandwiches and customer service. Founded in 1946 by S. Truett Cathy in Hapeville, Georgia, the company has grown into one of the largest fast-food brands in the United States, with thousands of locations nationwide. Headquartered in College Park, Georgia, Chick-fil-A operates under a unique corporate culture that emphasizes hospitality and community engagement. The company is notable for its policy of closing all locations on Sundays, a practice rooted in its founder’s principles. Chick-fil-A’s menu centers on chicken-based offerings, including sandwiches, nuggets, and salads, complemented by signature waffle fries and beverages. In addition to its domestic presence, the brand has expanded internationally with select locations in Canada and the United Kingdom. The company remains family-owned and privately held.