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Chick-fil-a 2525 Tittabawassee Rd

5,024 SF Retail Building Saginaw, MI 48604 £2,943,577 (£586/SF) 4.50% Net Initial Yield

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Investment Highlights

New 15-year absolute NNN corporate ground lease with 7.5% rental increases every five (5) years
Chick-fil-A generated $18.8B in U.S. system sales in 2022, up approximately 13% from 2021
Chick-fil-A restaurants average more than $8M in sales annually among non-mall locations

Twelve (12) option periods of five (5) years each, providing an excellent long-term investment opportunity
The highest-volume stand-alone location in 2022 generated approximately $17M and the lowest volume generated $2.2M

Executive Summary

Infill location along Tittabawassee Road, one of the most highly trafficked thoroughfares in the region with 30,560 AADT. Surrounded by numerous major traffic drivers, including Walmart Supercenter, Sam’s Club, Target, Lowe’s, The Home Depot, Best Buy, Texas Roadhouse, Outback Steakhouse, Hampton Inn, Holiday Inn Express, and many more. Beneficial proximity to Saginaw Valley State University (9,766 students, 1,001 employees), Carrollton Elementary School (722 students), Carrollton High School (484 students), and Carrollton Middle School (372 students). Highly visible from Interstate 675, a primary north-south thoroughfare which traverses the entirety of Saginaw (32,800 AADT). Projected income increases within 5-, 10-, and 15-mile radii of the site poise Chick-fil-A and Saginaw for steady concurrent growth. Built to the latest Chick-fil-A prototype, the site features a dual-lane drivethru and ample parking on a large 1.88-acre parcel.