Chick-fil-A 3381 N Main St

Investment Highlights

New 15-Year Absolute NNN Lease to Chick-fil-A with Scheduled Rental Increases Highly Functional Footprint Featuring Double Drive-Thru Component Excellent Access and Visibility at N Main Street & I-40 - Major East-West Arterial Connecting Nashville to Knoxville Unique Fee Simple Chick-fil-A Property Including Improvements ? Benefit of Depreciation Limited Competition ? Only Chick-fil-A in 30+ Mile Radius 1 Hour Drive to Downtown Knoxville

Executive Summary

The subject property is strategically situated with excellent access and visibility on North Main Street (20,727 AADT), a short distance from Interstate 40 (40,545 AADT), which serves as a vital east-west corridor connecting Nashville to Knoxville. The property is nestled within Crossville?s primary retail commercial hub on North Main Street and is the only Chick-fil-A location in an over 30-mile radius. The site is poised to capitalize on Crossville?s growing demographics, with a total daytime population of 66,621 and average household income of $69,929 in a 15-mile radius. The property is conveniently located near Cumberland Medical Center, a 189-bed acute care hospital supported by more than 100 physicians and 600 employees. As one of the largest employers in the area, Cumberland Medical Center is a member of Covenant Health, an award-winning Tennessee healthcare delivery system serving 25 counties and providing care for over 2 million patients each year across 150 locations, including 10 hospitals, and more than 11,000 employees. Notable retailers in the area include Kroger, Walmart Supercenter, Lowe?s, Buc-ee?s, Food City, and others. Additionally, just a short drive away is Roane State Community College?s Cumberland County campus, which serves over 1,000 students. This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions. (Lizz Kabat, TN License #258073)

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    4,795
• Building Class    B
• Year Built    2022
• Price    5,016,000
• Price Per SF    1,046
• Cap Rate    4.50
• NOI    225,739
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    2.56 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.