3280 Medgar Evers Blvd
Jackson, MS 39213
Church's Chicken · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Rare Corporate Sale-Leaseback
  • Above Average Store Performance | Low Rent to Sales Ratio
  • Less than a Quarter-Mile from Johnson Elementary School
  • Absolute NNN Lease | No Landlord Responsibility | 10% Increases Every 5 Years
  • Church's Texas Chicken Record Development in 2023
  • Located on a Signalized Intersection | 3 Points of Ingress and Egress

EXECUTIVE SUMMARY

Northmarq Restaurant Group is pleased to offer for sale this exclusive singletenant, corporate guaranteed, Church's Chicken property located in Jackson, MS. This investment offers a fee simple, Absolute NNN opportunity with a 15 Year lease, and 4 x 5 year options thereafter. This asset features 10% rent increases every 5 years throughout the term and options, providing significant passive income, creating a hedge against inflation. Church's Texas Chicken and Texas Chicken are a national landmark and a rapidly growing brand, with over 1,500 locations in 23 countries. Average unit volume sales have rapidly expanded, and subsequent financials have broken records across the board as well. Furthermore, Church's Chicken has an aggressive and strategic development plan to further expand their locations. By 2028, Church's expects to grow total sales from $1.4 billion to $2 billion, open locations in new markets, and further invest in their technology, brand positioning and marketing, operations, new prototype development and real estate market planning.

PROPERTY FACTS Under Contract

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,268 SF
Building Class
C
Year Built
1971
Price
$984,615
Price Per SF
$776.51
Cap Rate
6.50%
NOI
$64,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.57 AC
Zoning
C - Commercial
Parking
24 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
83’ on Martin Luther King Jr Dr

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 32043377

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 3280 Medgar Evers Blvd, Jackson, MS 39213