Property Details

Chick-fil-A

Winchester, VA
Property ID: 2174

    Financial Summary

    Asking Price $3,093,750
    Cap Rate 4.00%
    Net Operating Income (NOI) $123,750
    Lease Type NNN
    Increases Call For Details
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733

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    Highlights

    • 12.5 years remaining on 20 year ground lease
    • 10% rent bumps every 5 years. Next increase in 2018
    • Located in busy Target/Lowe's shopping center at Interstate 81 Route 11 intersection (120,000+ ADT at exit ramp)
    • Chick-fil-A corporate guaranty
    • Building constructed to Chick-fil-A specifications and expense ($1.1MM)
    • Winchester is 1 hour west of Washington, DC
    • Next door to $28 million dollar FEMA facility
    • Adjacent to McDonald's & Texas Roadhouse
    • Interstate 81 access with 30,000 VPD
    • Strong demographics with a population exceeding 60,000 and average HH Incomes over $76,000 within 5 miles

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    112 Merchant Street
    Winchester, VA

    Traci BidingerChick-fil-A