Chicken Salad Chick
$835,863
2012 Rainbow Drive, Gadsden, AL 35901
7.71
Cap Rate
64,469
NOI
Details:
Highlights:
- Exclusive Market Positioning: The subject property houses the only Chicken Salad Chick location in Gadsden, establishing exclusive brand presence and a strong capture of local lunchtime demand with no direct competition within the market.
- High-Traffic Retail Corridor: Strategically positioned on Rainbow Drive, a major commercial artery with approximately ±30,300 vehicles per day (VPD), offering excellent visibility, ease of access, and strong exposure to drive-by traffic.
- Established Regional Franchisee: Leased to a 3–4 unit franchise operator with a stable operating history and demonstrated brand commitment. Chicken Salad Chick is a well-recognized lunch destination with a loyal customer base and high repeat traffic.
- Immediate Income with Office Upside: The ±1,900 SF rear office space is currently owner-occupied. This allows for future repositioning potential for the buyer, however, the seller is willing to execute an 18-month lease at closing.
- Consistent Daypart Demand: The quick-service restaurant benefits from robust daytime traffic, supported by surrounding employment centers and retail synergy, driving reliable mid day sales volume.
Description:
Matthews is pleased to present a prime multi‑tenant opportunity: Chicken Salad Chick, located at 2012 Rainbow Drive, Gadsden, Alabama. This offering presents a rare chance to acquire the only Chicken Salad Chick in Gadsden, granting exclusive brand presence in the city and strong capture of local midday and luncheon demand. The site sits on a high‑visibility corner along Rainbow Drive—exposed to approximately 30,000 vehicles per day—ensuring excellent drive‑by exposure and easy accessibility for quick lunch and takeout customers.
The tenant is a seasoned regional franchisee operating 3–4 units, with a proven track record and demonstrated commitment to the brand. Chicken Salad Chick has carved out a niche as a preferred fast‑casual lunch destination, drawing consistent repeat traffic and benefiting from a dependable daytime customer base. The surrounding area is characterized by employment centers, retail nodes, and commercial activity that feed stable lunch volume.
An added value component of this offering is the ±1,900 SF rear portion of the building currently used as an office by the seller. The seller is willing to execute an 18‑month lease on that space, delivering immediate incremental cash flow. Alternately, the buyer retains flexibility to re‑lease, re-purpose, or absorb that space into the restaurant footprint. This opportunity combines long‑term predictable income, exclusive brand footprint in the submarket, and optional supplemental office income. It is well suited for investors seeking a low‑management, single‑tenant restaurant asset with strong location fundamentals.
Documents:
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