Chick-fil-A 15 Year Ground Lease

This location is one of the new non-drive thru prototypes with dine in and takeout service exclusively. Just down the street is a drive-thru only Chick-fil-a that has been established for years in the area. This property is strategically positioned with convenient access to I-285 and US Hwy 78 via North Druid Hills Rd. Nestled in a densely populated and affluent neighborhood, it hosts 328,822residents within a 5-mile radius, showcasing an impressive average house hold income of $134,648. Close to retail hubs like Bhindi, Shamrock Plaza, and North DeKalb Mall, and in proximity to well-known national retailers. Chick-fil-A, renowned for its proven success and nationwide loyal customer base, consistently demonstrates its ability to thrive in diverse markets. Greater Decatur, GA — The DeKalb County Commission has unanimously approved the rezoning of North DeKalb Mall for a significant redevelopment named Lulah Hills. Developer Edens has ambitious plans to convert the mall into a mixed-use development, incorporating retail, a hotel, apartments, and townhomes.New Construction to be open in 2024, however Chick-Fil-A is already paying rent New 15-year ground lease with an 8% increase every 5 years. Seven 5-year options with 8% increases in each option Chick-Fil-A is recognized as one of the fast growing QSR brands globally,with a broad presence spanning 2,988 restaurants across 48 states. Well located on outparcel of North Dekalb Mall that is currently being redeveloped into a $843 million mix-use redevelopment called Lulah Hills Situated in a strong retail corridor Convenient access to I-285 and US Hwy 78 on North Druid Hills Rd Very strong traffic counts of 31,640 VPD on N. Druid Hills, in the heart of a rapidly growing retail market Densely populated and affluent area with 328,822 people within 5 miles, with an average household income of $134,648 which is expected to grow by 15%over the next 5 yearsN/A