300 Charlie Watts Dr
Dallas, GA 30157
Retail Property For Sale

Stan Johnson Company is pleased to exclusively offer for sale, the opportunity to purchase the fee-simple ground lease interest in an additional parking lot which is part of a Chick-fil-A property in Dallas, Georgia (the “Property”). The Property is situated in a dense retail trade area directly across the street from a Kroger-anchored shopping center which sees traffic counts in excess of over 25,000 vehicles per day. Other national and regional retailers in the immediate area include Zaxby's, Ruby Tuesday, Walgreens Pharmacy, Waffle House, QuikTrip, Taco Bell, and AutoZone, among others. This new lease for the additional parking lot of Chick-fil-A, Inc. (the “Tenant”) is a brand new fifteen (15) year absolute net ground lease in which rent commenced August 28, 2018. The lease features 10% rental increases every five (5) years during the base lease term and at the beginning of each of the eight (8) renewal option periods. Chick-fil-A, Inc. is an American fast food restaurant chain headquartered near Atlanta, Georgia. It was founded in 1946 and the first freestanding franchise opened in 1986. Chick-fil-A generates more revenue per restaurant than any other fast-food chain in the U.S. In FY 2017, the company reported over $9 billion in revenue which marks 50 consecutive years of sales growth.