Marketing Description
Furman Capital Advisors is pleased to offer the opportunity to purchase a fee simple interest in a brand new Chick-fil-A ground lease in Simpsonville, SC (Greenville SC MSA).
Investment Highlights
- Best in Class Corporate Lease: Chick-fil-A, Inc. has 2,400+ Locations in 47 States and > $11 Billion in Annual Revenue.
- Highest QSR AUV: Average Unit Volume of $4.6M, which is 67% higher than 2nd place Panera Bread.
- High Quality Construction: New Prototype featuring a double drive-thru with a 40-car stack plus 96 indoor and 30 outdoor seating capacity.
- True Mailbox Money: Absolute net ground lease with ZERO landlord responsibilities making it an ideal management-free investment.
- Long-Term Lease: Brand new 15-year ground lease with eight 5-year options to renew.
- Favorable Rent Growth: 10% rent increases every five years and renewals.
- Excellent Access to Population Density: Over 125K people with an average HHI of $96,812 within a 5-mile radius.
- Highly Desirable Submarket: Simpsonville is one of Greenville’s most desirable suburban submarkets with anticipated growth of over 10% by 2025.
- Booming Greater Market: The “Upstate” is one of America’s fastest growing MSA’s.