Church's Chicken | 794 Allison Bonnett Memorial Dr
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Church's Chicken 794 Allison Bonnett Memorial Dr
1,254 SF Retail Building Dolomite, AL 35061 £939,960 (£750/SF) 6.25% Net Initial Yield
Investment Highlights
- Property Placed in 88th Percentile by Placer. AI | 78th Percentile in Alabama | Top 3 Location in 15-Mi Radius
- Above Average Store Performance | Low Rent to Sales Ratio
- Church's Texas Chicken Record Development in 2023
- Rare Corporate Sale-Leaseback
- Above Average Store Performance | Low Rent to Sales Ratio
- Local Street Visibility | 10.8 Million Annualized Traffic Count | Accessibility to I-20 Freeway
Executive Summary
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 Facts Under Contract
Sale Type
Investment
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,254 SF
Building Class
B
Year Built
1999
Price
£939,960
Price Per SF
£750
Net Initial Yield
6.25%
NOI
£58,747
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.43 AC
Zoning
B3
Parking
18 Spaces (14.35 Spaces per 1,000 SF Leased)
Frontage
100 ft on Allison Bonnett Memorial
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 30-00-21-1-024-011.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £40,779 |
PROPERTY TAXES
Parcel Number
30-00-21-1-024-011.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£40,779
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Church's Chicken | 794 Allison Bonnett Memorial Dr
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