794 Allison Bonnett Memorial Dr, Dolomite, AL 35061
1,254 SF | Retail Building | Dolomite, AL 35061 | $1,200,000 ($957/SF) | 6.25% Cap Rate
For Sale
Active
3 pictures
Asking Price $1,200,000
- Property Type
-
Retail
- Square Feet
- 1,254 SF
- Price / Square Foot
- $957
Listing Contacts
Mike Philbin
Matt Lipson
Ryan Butler
Property Overview
Northmarq Restaurant Group is pleased to offer for sale this exclusive singletenant, corporate guaranteed, Church's Chicken property located in Dolomite, AL. This investment offers a fee simple, Absolute NNN, opportunity with a 15-Year lease, and 4 x 5 year options thereafter. This asset features 10% rental increases every 5 years throughout the term and options, creating a hedge against inflation. Church's Texas Chicken is a national landmark and a rapidly growing brand, with over 700 locations across the world. Average Unit Volume Sales have rapidly expanded, and subsequent financials have broken records across the board as well. Furthermore, Church's Chicken has an aggressive and strategic development plan to further expand their locations. By 2028, Church's expects to have over 1,500 locations in 23 countries and grow total sales from $1 billion to $2 billion.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Lot Size (sq. ft)
- 18,731 SF
Highlights
- Property Placed in 88th Percentile by Placer. AI | 78th Percentile in Alabama | Top 3 Location in 15-Mi Radius
- Rare Corporate Sale-Leaseback
- Above Average Store Performance | Low Rent to Sales Ratio
- Above Average Store Performance | Low Rent to Sales Ratio
- Church's Texas Chicken Record Development in 2023
- Local Street Visibility | 10.8 Million Annualized Traffic Count | Accessibility to I-20 Freeway
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