CHICK-FIL-A | $2,637,067 | 3.75% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Chick-fil-A a single-tenant property located at 100 Hylton Lane, Beckley, West Virginia 25801.
The subject property is comprised of 4,996 square feet, built-in 2017. The building sits on a large 1.17 acre lot located just off Harper Road (±16,500 VPD) and West Virginia Turnpike which oversees ±46,800 Vehicles Per Day.
Chick-fil-A operates on an absolute-net group lease backed by a corporate guaranty with 11 years remaining. At the end of the initial term, Chick-fil-A will have eight, five-year options to extend. The lease calls for 10% increases every 5-years including the options.
Chick-fil-A is one of the largest American fast food restaurant chains and the largest whose specialty is chicken sandwiches. Its headquarters is in College Park, Georgia. Chick-fil-A was originally founded as the Dwarf Grill in 1946, changing the name to Dwarf House until rebranding as Chick-fil-A in 1967. The company operates more than 2,774 restaurants, primarily in the United States with locations in 47 states and the District of Columbia. The restaurant serves breakfast before transitioning to its lunch and dinner menu. Chick-fil-A also offers customers catered selections from its menu for special events. The company’s trademarked slogan, “We Didn’t Invent the Chicken, Just the Chicken Sandwich,”refers to their flagship menu item, the Chick-fil-A chicken sandwich.