Rome, GA - Dark QSR (Church's Chicken)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Church’s Chicken
(Dark) investment property located in Rome, Georgia. The tenant, Church’s Chicken, has more than 4 years remaining on their original 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and during each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Church’s Chicken is strategically located along Shorter Ave. NW with excellent visibility and averaging over 35,700 vehicles passing by daily. Shorter Ave. NW, is a major retail thoroughfare serving the city of Rome. The Church’s Chicken is an outparcel to a Ace Hardware anchored center that also features national/credit tenants including local tenant pads. The asset is located 1-mile from a West Town Square, a 100,000+ square foot Big-Lots and Harbor Freight anchored center with many other national/credit tenants such as Del Taco, Dollar Tree, Little Caesars Pizza, Express Car Wash, and many other local tenants. In addition, Church’s Chicken is also 1-mile from a 250,000+ square foot shopping center with a Walmart Supercenter and Sam’s Club. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Zaxby’s Chicken Fingers, Sonic Drive-In, Lowe’s Home Improvement, Starbucks, McDonald’s, Taco Bell, Burger King, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 59,171 and 34,390 with an average household income of $84,494.