This Retail Property is Off-Market.

2650 Bankhead Highway
Atlanta, GA 30318 ·

3,016 SF · Retail For Sale

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Church's Chicken

Price N/A Cap Rate 7.38%
Building Size 3,016 SF Tenancy Single
Property Type Retail Year Built 1979
Property Sub-type Restaurant Lot Size 0.97 AC
Property Use Type Investment
Listing ID: 15255513 Date Created: 07/25/2007 Last Updated: 08/03/2007

Description

Marcus & Millichap is proud to present this freestanding Church's Chicken located on Bankhead Hwy in Atlanta, Fulton County, GA. The tenant signed a new 15 year NNN lease in October 2006. The lease offers landlord-friendly rental increases of 10%+ every 5 years. The tenant is an experienced retail franchisee that also operates another Atlanta area Church's location. The building was renovated in 2005. Church's Chicken is the 3rd largest chicken quick service restaurant concept with over 1,500 locations nationwide and growing. The company did over $1 billion in sales in 2005.

Atlanta is the capital and most populous city in Georgia, as well as the 9th most populated MSA in the country. The subject property is located in a densely populated area that has grown by over 12% since 2000. Other retailers surrouding the property include CVS, Chevron, Family Dollar, and Checkers. Bankhead Hwy experiences a high traffic count of 15,700+/- ADT in front of the property.

Highlights

  • 14 Years Remaining on NNN Lease
  • 12.5% Rent Increase in 2011
  • Strong National Brand: 1,500+ Locations Nationwide
  • Atlanta is 9th most populated MSA in the Country
  • 12% Population Growth Since 2000
  • High Traffic Count of 15,700+/- ADT

Research

2650 Bankhead Highway, Atlanta, GA 30318 (Fulton County)

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