Chick-fil-A: Savannah, GA 7 E Derenne Ave

Investment Highlights

Chick-fil-A: The leading quick-service chicken restaurant in the country Landmark Location: Adjacent to Brand-New Starbucks & Parker's Kitchen High Traffic Corridor: 50,200 VPD along East DeRenne Avenue Absolute NNN Ground Lease with Rare 2% Annual Rent Increases Within Feet of Hunter Army Air Field - A Principal Employer of Savannah

Executive Summary

CBRE is pleased to exclusively offer for sale an absolute NNN Chick-fil-A ground lease situated on 1.20 acres in Savannah, GA (MSA Population: 424,285)?an economic region in coastal Georgia that is largely driven by the Port of Savannah, military, healthcare and hospitality. Chick-fil-A?s lease features ?13.6 years of term remaining with rare 2% annual rent increases throughout the initial term and in each of the ten 5-year renewal options. Built in 2022, the property boasts a 3,428-square-foot building with a double-lane drive-thru and is located on a hard corner at the signalized intersection of White Bluff Road (26,100 VPD) and East Derenne Avenue (50,200 VPD), which turns into Interstate 516 heading west.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding Fast Food
• Building Size    3,428
• Year Built    2022
• Price    4,207,500
• Price Per SF    1,227
• Cap Rate    4
• NOI    168,300
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    1.20 AC