Chick-fil-A Hendersonville South 640 Spartanburg Hwy 5,000 SF 4-Star Retail Building Hendersonville, NC 28792 $5,237,142 CAD ($1,047.43 CAD/SF) 3.50% Cap Rate

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.