Church's Chicken NNN Property For Sale — Riverdale, GA
765 Highway 138 SW, Riverdale, GA 30296
This offering presents an exceptional opportunity to acquire a Church's Chicken single-tenant, fast-food, net lease property. The asset, a 2,600 sq ft building originally constructed in 1985 as a Burger King, is strategically situated on a 0.79-acre signalized corner parcel benefiting from high traffic counts ranging from 21,000 to 28,000 vehicles per day. The experienced operator, currently managing five locations across Georgia and Alabama, will execute a new 15-year NNN lease upon closing, inclusive of two 5-year renewal options. The lease features attractive 10% rent increases every five years. This property is located at the intersection of Highway 138 & State Route 85 in Clayton County, GA, a vital part of the Atlanta MSA, approximately 4 miles from Interstate-75. The immediate reta…
- Address: 765 Highway 138 SW, Riverdale, GA 30296
- Asking price $1.78M
- 7.10% cap rate
- NOI $126,000
- 15 years remaining
- NNN lease
- Year built: 1985
- Building size: 2,600 SF
- Lot size: 0.79 acres
- Rent increases: Years 1-5: $126,000; Years 6-10: $138,600; Years 11-15: $152,460; Option 1 (Years 15-20): $167,706; …
- Guarantor: Corporate
Location
This Church's Chicken property is at 765 Highway 138 SW in Riverdale, Georgia.
Asset type: QSR