12001 Reisterstown Rd
Reisterstown, MD 21136
Chick fil-A | Rare 10% Rental Increases · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer this newly constructed Chick-fil-A in Reisterstown, Maryland. The Tenant, Chick-fil-A, is subject to a new 20-year NNN corporately guaranteed ground lease with ten percent (10%) rental increases every five years during the base term and six, five-year option periods. The current rental rate is below market which is attractive given today’s landscape of inflated net-leased rents. Chick-fil-A, while privately held and family-owned, is a highly sought after tenant with more than 2,200 locations and nearly $9 Billion in revenue in 2017. The chain boasts 50 consecutive years of positive sales growth and generates more revenue per restaurant than any other fast food chain in the United States with $4.4 million. The newly constructed store is prominently located along Reisterstown Road, one of the top retail corridors in the County. The Property is a pad site to Reisterstown Shopping Center, a 172,364 square-foot center with a strong tenant roster anchored by Big Lots, Planet Fitness, Rite Aid, Dollar Tree and Advance Auto Parts. The site will be further enhanced by additional redevelopment of the Center by one of the most renowned open air shopping center developers in the County and across Maryland in Greenberg Gibbons. The Property enjoys regional accessibility from nearby Interstate-795, one-half-mile, and outstanding visibility on busy Reisterstown Road with 16,920 vehicles per day. The Tenant is adjacent to a Wells Fargo Bank* and neighbored by other fast food chains McDonald’s, Burger King, Wendy’s, Subway and Dunkin’ Donuts. It is positioned across from Franklin High School, with 1,600+ students, and The Preserve at Owings Crossing, a Morgan Properties apartment complex, both which coupled with the center’s strong tenant roster are enormous drivers to the site. Reisterstown, Maryland boasts exceptional demographics as it is a highly sought after Baltimore County submarket, located 22 miles northwest of the city. Presently, there are 59,000 people with Average Household Income levels of $104,940 within three-miles. Population has increased 19% since 2000 and is projected to increase an additional three percent in the next five years. *Wells Fargo is also available for sale. Please contact the Listing Team for details.