108 S Sycamore St
Petersburg, VA 23803
Church’s Chicken: New 15 Yr Absolute NNN Lse · Retail Property For Sale

Church’s Chicken has a brand new 15-year Absolute NNN lease starting at close of escrow with 10% rental escalations every 5 years and three 5-year renewal options. The tenant, Falcon Holdings, LLC (one of the largest franchisees of the Church’s Chicken System) operates more than 30 Church’s Chicken restaurants and more than 160 total restaurants (other brands such as Long John Silver’s, Hardee’s, and A&W Restaurants). Church’s Chicken is located in Petersburg, Virginia (Richmond MSA) on a hard corner with excellent driveby visibility. Nearby retailers include: Family Dollar, CVS Pharmacy, Burlington, Staples, PetSmart, Dollar Tree, JoAnn, Michaels, Plato’s Closet, Verizon, Starbucks, WalMart, Target, etc. Nearby schools include Virginia State University (4,302 students), Ettrick Elementary School (618 students), and Colonial Heights Middle School (649 students). *In Association with Virginia Designated Broker: Gillian Greenfield, CCIM | Greenfield & Craun Commercial #225064152