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Chick-fil-A Ground Lease, Byram, MS

Chick-fil-A Ground Lease

Byram, Mississippi

Price $3,750,000
Cap Rate 4.00%
NOI $150,000
Lease Term 15 Years
Lease Type Absolute NNN Ground Lease With Tenant Responsible For Taxes, Insurance, And All Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 5% Rental Increases In Option Periods
Year Built 2022
Building Size 8,255 SF
Lot Size 1.66 Acres (72,310 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

15-YEAR ABSOLUTE NNN GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» Chick-fil-A is the largest chicken chain and the third largest American fast food restaurant chain in the U.S.
» Long-term lease, with eight (8) extension periods of five (5) years each
» Fixed rental increases in option periods
» Located on larger-than-typical QSR parcel (1.66 acres)

QSR ASSET IS A WALMART SUPERCENTER OUTPARCEL
» Outparcel to Walmart Supercenter, significantly increasing crossover shopping to the location
» Chick-fil-A has a double drive-thru component and is perfectly positioned to capture commuter traffic along Interstate 55 between Byram and Jackson, as well as cross traffic from Walmart Supercenter
» 30,547 residents within a five mile radius of the location
» Chick-fil-A has more than 2,600 locations and is rapidly growing throughout the U.S.
» Chick-fil-A reported more than $13 billion in revenue in 2020, which marks 53 consecutive years of sales growth

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent access and visibility to 31,100 vehicles per day directly in front of the property at the signalized hard corner of Siwell Road and Terry Road
» Immediate access to Interstate 55, a major freeway connecting Byram to downtown Jackson, with a high traffic count of 51,000 vehicles per day
» Located in a dense retail area and surrounded by major national tenants
» Projected 12% average annual household income increase within five miles of the site in the next five years, posing Chick-fil-A and Byram for significant concurrent growth


Property Description

» The property is conveniently located at the signalized hard corner of Siwell Road and Terry Road, with excellent visibility and access to a combined 31,100 vehicles per day
» Located in a dense retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Walgreens, Hibbett Sports, Circle K, McDonald’s, and many more
» This Chick-fil-A draws from a large and established customer base with immediate access to Interstate 55, a major freeway connecting Byram to Downtown Jackson, with a high traffic count of 51,000 vehicles per day
» The property is located on a larger-than-typical QSR parcel (1.66 acres)
» Projected income increase within 1-, 3-, and 5-mile radii over the next five years poise Chick-fil-A and Bryam for steady concurrent growth
» The site features a double drive-thru component and is perfectly positioned to capture commuter traffic along Interstate 55 between Byram and Jackson, as well as cross traffic from Walmart Supercenter

Contact Us About This Property

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