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Chick-fil-A Hendersonville South 640 Spartanburg Hwy 5,000 SF 4-Star Retail Building Hendersonville, NC 28792 $3,714,285 ($742.86/SF) 3.50% Cap Rate
Executive Summary
Chick-fil-A ground lease offered for sale that occupies one of two outparcels to the Harris Teeter anchored Southside Square shopping center (McDonald's is on other outparcel). Location is well positioned in this area of Hendersonville, NC with a freestanding Ingles and a Planet Fitness anchored center across the street with both a freestanding Publix and Fresh Market anchored center 1 block away. 20 year ground lease with over 15 years remaining in the initial lease term. 10% rent bump at Year 11 & 21, then 10% rent bump each 10th year during the renewal options (10 renewal options of 5 years each). One existing ROFR.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$3,714,285
Price Per SF
$742.86
Cap Rate
3.50%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.55 AC
Zoning
C - Commercial
Frontage
244’ on U.S. 176
Amenities
- Signage
- Signalized Intersection
- Drive Thru
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Chick-fil-A began in 1946, when S. Truett Cathy opened a restaurant that grew into a quick-service chicken chain. The company operates restaurants across the United States and also serves select international markets, with a menu centered on chicken sandwiches, breakfast items, salads, sides, and beverages. Chick-fil-A remains family-owned and has also expanded into specialty restaurant formats that reflect its early history and brand heritage. The business combines dine-in, drive-thru, and digital service alongside a food-focused restaurant model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1009168 | Improvements Assessment | $1,057,100 |
| Land Assessment | $1,019,700 | Total Assessment | $2,076,800 |
Property Taxes
Parcel Number
1009168
Land Assessment
$1,019,700
Improvements Assessment
$1,057,100
Total Assessment
$2,076,800
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Contact the Sale Advisor
Chick-fil-A Hendersonville South | 640 Spartanburg Hwy