Absolute NNN Investment | Church's Chicken

Retail-Commercial for Sale
Catylist Listing ID: 30462749
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 2,350 SF
Gross Building Area: See Agent
Gross Land Area: 0.77 Acres
Sale Price: $1,764,000
Unit Price: $750.64 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Last Updated: 8/5/2019

Overview / Comments

Church’s Chicken is US fast food operator that specializes in fried chicken and also operates as Texas Chicken outside North America. Currently Church’s Chicken operates over 1,700 locations in 32 states, 2 U.S territories, and 23 foreign countries.

Church’s Chicken was founded on April 17, 1952 by George W Church, Sr. During its first few years, the restaurant only served chicken but later added additional items to its menu in 1955. In addition to chicken, the restaurant also serves coleslaw, mashed potatoes, corn, and honey biscuits. Today Church’s Chicken is owned by Friedman Fleischer & Lowe, a San Francisco private equity company.

The company is headquartered in Atlanta, GA. Church’s Chicken has grown and expanded tremendously throughout the country and world. The company has gone through quite a few changes and continues to evolve and improve. The company is also very active in the community by supporting various programs.

• Absolute NNN Lease with corporate guaranty
• Top performing location
• Approximately 12½ years remaining on initial lease term with scheduled rent increases
• Well located site at a signalized intersection in the heart of Los Lunas

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Tax ID/APN: 1010038015275000000
Zoning: S-U

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,087 22,349 39,266
Median Age: 36.81 39.33 38.54
Households: 1,856 7,992 13,997

Contact

Photograph of Listing Agent

Robert H Feinberg

Colliers International CARNM CIE Member
Photograph of Listing Agent

Thomas S Jones, CCIM

Colliers International CARNM CIE Member
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