North Bergen, NJ - Chick-fil-A

Description:

• Chick-fil-A has over 15 years remaining with 8 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site
• The lease features a 12.5% rental increase in Year 11, a 10% increase in year 16 and 10% increases at the beginning of each option period
• The lease features a corporate guaranty from Chick-fil-A, Inc., a private corporation with more than 3,228 locations under operation nationwide
• Chick-fil-A, in its annual FDD, revealed it generated $22.7 billion in U.S. systemwide sales in 2024

• The site is ideally located at the signalized, hard corner intersection of Tonnelle Ave, which averages over 35,900 vehicles passing by daily
• The subject property benefits from nearby direct on/off ramp access to Interstate 95, a major thoroughfare averaging over 72,300 vehicles per day
• The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers

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Listing ID: a28TP0000002e1NYAQ