INVESTMENT HIGHLIGHTS
LONG TERM LEASE: The new construction Chick-Fil-A was completed in 2022 and sits on 1.50-acres of land. Chick-fil-A has a 19+ years remaining on an absolute triple-net ground lease with eight (8), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease calls for an attractive 10% rent increases every five years throughout the base term and at the start of each renewal option period, providing a steady increase in income and an attractive hedge against inflation.
STRATEGIC LOCATION: The Property is strategically located along Fayetteville Road (US Route 401), the area’s primary commercial and commuter corridor. Chick-fil-A is shadow anchored by a new construction Costco and is across the street from a Food Lion anchored center and just seconds from a Harris Teeter anchored center, the area’s two dominant grocers. The property is adjacent to a signalized intersection that is home to several other national retailers and restaurants driving traffic to the area. Additionally, Chick-fil-A is 2.2-miles from Wake Technical Community College. The Property is located in southwestern Raleigh, approximately 9-miles from the central business district.
