Chick-fil-A has signed a long-term Ground Lease where the Landlord has zero responsibilities. Tenant is responsible for all costs, expenses, and obligations related to repair, maintenance, replacement, taxes, and insurance. This is an ideal, management free, investment for a passive investor. 7.5% increases every 5 years during the initial 15-year term with twelve 5-year options provide strong rent growth throughout the term of the lease.
The new Chick Fil A is located at the I-94 & N West Ave interchange in Jackson, MI. Jackson’s in-between Chicago and Detroit and the closest Chick Fil A is 35 miles away in Ann Arbor. The restaurant is under construction and should open in the next 45 days.
Fast food restaurants perform strong in Jackson. The Burger King is #23/234 in Michigan locations for annual visits and the Taco Bell is #46/292 in Michigan locations for annual visits, according to Placer.ai.
Please let us know any questions.