Chick-fil-A for Sale in Chapel Hill, NC
Chapel Hill, NC
Key Investment Metrics
Price
$3,750,000
Cap Rate
4.0%
Net Operating Income
$150,000
Building Size
4500 SF
Land Area
1.85 Acres
Remaining Term
16.6 years
Lease Expiration
02/28/2043
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Tenancy
Single
Rent Increases
7.1% in Year 6; 10% Every 5 Years Thereafter
Property overview
Chick-fil-A in Chapel Hill
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 4,500 SF
- Land area
- 1.85 acres
- Year built
- 2023
- Lease type
- Absolute NNN
- Lease expiration
- 02/28/2043
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.