Church's Chicken - Washington, D.C.

Description:

• Opportunity to acquire NNN Investment real estate – Tenant is Church’s Chicken with store sales well above the national average
• More than 9 years remaining on the 15-year lease term with 1 (5-year) option period to extend
• 3% annual rent increases
• Located in the heart of a dense retail trade area
• Enterprise zones offer a variety of tax incentives
• Tenant pays for CAM, taxes, and insurance
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• Personal guarantee of lease from operators

• Site is positioned along Minnesota Ave. NE, a major thoroughfare traveling throughout Washington D.C, averaging 18,900 vehicles passing by daily
• Approximately 0.5 miles away from the on/off ramps to State Highway 295, with over 151,800 vehicles passing by daily
• Clear monument signage providing excellent store visibility
• Site benefits from multiple points of ingress/egress
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Safeway, CVS, 7-Eleven, Chase and more
• Strong tenant synergy increases consumer draw to the trade area and promotes crossover shopping to the subject property
• The asset is in close proximity to Friendship Collegiate School (715 students), Phelps High School (310 students), and Smothers Elementary School (232 students), further increasing consumer traffic to the area
• More than 668,000 residents and 577,000 employees support the trade area
• $136,156 average household income