905 E Broad Ave - Fast Food FOR SALE


Rockingham, NC 28379
$6,654,000 USD
415-852-5177
905 E Broad Ave, Rockingham, NC for Sale
$6,654,000 USD
Fast Food - FOR SALE
1/6
null | 4.69% Cap Rate

905 E Broad Ave
Rockingham, NC 28379


HIGHLIGHTS

  • New 15-year absolute NNN corporate lease with 10% rental increases every five (5) years
  • Thirteen (13) option periods of five (5) years each, providing an excellent long-term investment opportunity
  • Chick-fil-A hit a milestone in 2023, with systemwide sales reaching $21.6B, beating 2022’s total of $18.8B
  • The average revenue for non-mall Chick-fil-A locations reached about $9.4M in 2023, up from $8.67 million in 2022
  • Chick-fil-A’s drive-thru locations have shown impressive growth in sales volume over recent years, with locations averaging approximately $9M in 2023
  • In 2024, Chick-fil-A opened approximately 75 new locations across various regions

OVERVIEW

Positioned on Broad Avenue, the property benefits from 17,500 daily vehicles passing directly in front of the site, ensuring steady exposure for Chick-fil-A. The absolute NNN lease eliminates landlord responsibilities, providing stable and predictable income backed by a proven tenant. Featuring a 15-year lease with 10% rent escalations every five years, the property offers consistent NOI growth and long term security. The 4,982 SF facility is situated on a 1.78-acre site, equipped with a dual-lane drive-thru and ample parking to accommodate peak-hour traffic. Chick-fil-A’s average annual unit sales of $8.5 million positions the tenant as a reliable and financially secure operator. Built-to-suit construction allows property owners to depreciate improvements, enhancing the investment’s after tax returns.

FOR SALE DETAILS

PRICE

$6,654,000 USD

PRICE/SF

$1,336 USD /SF

CAP RATE

4.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

-

APN/PARCEL ID

747206-29-8483

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-852-5177

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Michael YurasCushman & WakefieldMore Info
415-852-5177

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.